Origin Energy, which is one of America’s leading renewable energy platforms, announced a new strategic investment from Brookfield Asset Management Ltd. alongside new commitments from existing sponsor Antin Infrastructure Partners, which could exceed $1 billion in the aggregate.
Brookfield is investing its Infrastructure Structured Solutions strategy alongside affiliated entities. And this additional funding and support from an established player will accelerate Origis Energy’s progress as an independent power producer and advance its portfolio of solar and battery storage assets at unprecedented demand for clean electricity from its customers.
As an Antin portfolio company since 2021, Origis Energy has developed, built, and operated large-scale renewable energy projects in the United States, a market that benefits from significant tailwinds. And the company operates an approximately one gigawatt (1 GW) solar and storage project portfolio across four states with an additional 3 GW of in-construction or construction-ready projects and a further 25 GW total development pipeline.
Origis Energy was advised by PJT Partners, JPMorgan, and Santander with Latham & Watkins serving as legal advisors. And Vinson & Elkins served as Brookfield’s legal advisor.
KEY QUOTES:
“We are excited to welcome Brookfield as a new significant investor and are grateful for Antin’s continued leadership. With two of the world’s most well-respected renewable power infrastructure investors as our partners, we will accelerate our mission and strategy to provide cost-effective, carbon-free electricity to customers across the United States.”
– Vikas Anand, Chief Executive Officer of Origis Energy
“We are thrilled with this new partnership with Origis Energy. As one of the world’s largest investors in renewable energy, we look forward to utilizing our relationships and capital to scale-up the platform and meet the U.S.’s growing demand for clean power.”
– Hamish Kidd, Managing Director in Brookfield’s Infrastructure business
“Our continued support for the Origis Energy platform is a testament to the strength of its management team, strong customer relationships and high-quality project portfolio. We are excited to embark on the next chapter of Origis’ growth and evolution and we are pleased to welcome Brookfield into the investor group.”
– Guillaume Friedel, Partner of Antin
