Orgis Energy has secured an estimated $545 million in project financing to support the construction of the three-scale solar facilities in West Texas, marking another major expansion of renewable energy development in the region.
The financing, arranged with Natixis Corporate & Investment Banking and Santander Corporate & Investment Banking, will fund the Rockhound solar projects located in Ector County, Texas. Together, these projects are expected to generate roughly 413 megawatts of installed capacity once completed.
All three solar projects are currently under construction and are projected to reach commercial operation by the summer of 2026. The development represents the next phase of Origis Energy's broader solar complex in West Texas, which is expected to exceed 700 megawatts of total capacity when finished.
According to the companies involved, the financing package includes several components designed to support both construction and long-term operations. These include construction loans, term loans, tax credit bridge financing, and letter-of-credit facilities.
Natixis CIB and Santander served as joint underwriters, coordinating lead arrangers, and co-green loan coordinators for the deal, with Natixis CIB acting as administrative agent. U.S. Bank National Association will serve as collateral agent for the financing.
Alice Heathcote, chief financial officer of Origis Energy, and the transaction demonstrates investor confidence in the company's ability to execute complex renewable energy developments.
"This financing reflects the quality of the Rockhound portfolio and the confidence our capital partners place in Origis' ability to execute complex, multi-project transactions with discipline and scale," said Heathcote.
Representatives from the financing institutions also highlighted the continued partnership supporting the expansion of renewable energy. Andrew Platt of Santander said the transaction reflects the "strength of our ongoing relationship" with Origis and the bank's commitment to supporting renewable energy platform.
As construction continues, the Rockhound projects are expected to contribute hundreds of megawatts of solar capacity to the Texas grid. The investment also underscores growing financial support for large-scale renewable energy infrastructure in the state.
