€20bn-managing investment firm Antin Infrastructure Partners has agreed to buy into US renewable energy platform Origis Energy.
Origis focuses on developing, building and operating utility-scale solar and storage assets, as well as distributed generation. The company has run 130 solar and storage projects since 2008.
Antin said the additional capital will support Origis to build out its contracted pipeline in the next several years. It will also scale its operations to deliver on longer-term development goals, expand its operations and maintenance services businesses.
Kevin Genieser, senior partner at Antin Infrastructure Partners, said, “We are excited to work with the entire Origis Energy team in this major growth chapter for the company. Origis Energy continues Antin’s decade-long track record of investing in renewable energy platforms and supporting the transition to a clean energy future. This transaction is well aligned with Antin’s own ESG objectives.”
Antin tapped Fund IV for the investment. The firm closed the fund on a €6.5bn hard cap last year, marking a huge increase on the €3.6bn Antin collected for its third fundraise in 2016
Origis was the third investment in the country since Antin opened its New York office in 2019.
Copyright © 2021 AltAssets
