In a significant move to bolster its renewable energy endeavors, Origis Energy has welcomed a fresh investment from Brookfield Asset Management, joining forces with its principal backer, Antin Infrastructure Partners.
MIAMI and NEW YORK, Jan. 15, 2025 /PRNewswire/ -- Origis Energy, a significant player in the U.S. renewable energy sector, has announced a substantial new investment from Brookfield Asset Management Ltd. This comes in conjunction with fresh commitments from Antin Infrastructure Partners, potentially exceeding $1 billion in total.
Brookfield is channeling its investment through its Infrastructure Structured Solutions strategy, providing Origis Energy with the necessary capital to further its mission as an independent power producer. This support aims to enhance its solar and battery storage projects amidst a growing demand for eco-friendly power solutions in the U.S.
Origis Energy has been a part of Antin's portfolio since 2021, focusing on large-scale renewable projects across the United States. Currently, the company manages approximately one gigawatt (1 GW) of solar and storage capacity across four states, with a pipeline of 3 GW ready for construction and an additional 25 GW in development. According to S&P's latest rankings, Origis is placed fifth among the largest solar developers in the U.S. through 2028.
"We are excited to welcome Brookfield as a new significant investor and are grateful for Antin's continued leadership," stated Vikas Anand, CEO of Origis Energy. "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."
Echoing this sentiment, Hamish Kidd, Managing Director at Brookfield's Infrastructure business, expressed enthusiasm for the collaboration: "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."
Guillaume Friedel, a Partner at Antin, remarked: "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."
Advisory roles for Origis Energy in this transaction were filled by PJT Partners, J.P. Morgan, and Santander, with Latham & Watkins providing legal advice. Vinson & Elkins acted as legal advisors for Brookfield.
About Origis Energy
Origis Energy, headquartered in Miami, is committed to spearheading the transition to a carbon-free future. Since its founding in 2008, the company has been a leader in delivering sustainable solutions for grid power generation and performance, clean hydrogen, and long-term operation of solar and energy storage plants across the U.S. Learn more at www.origisenergy.com.
About Antin Infrastructure Partners
Antin Infrastructure Partners is a renowned private equity firm specializing in infrastructure investments. With assets exceeding €32 billion, Antin focuses on sectors such as energy, digital, transport, and social infrastructure. Operating from offices worldwide, Antin aims to drive growth and transformation in infrastructure businesses, delivering long-term value to its stakeholders.
About Brookfield Asset Management
Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion under management. Specializing in a range of sectors including renewable power, infrastructure, private equity, and real estate, Brookfield is known for investing client capital with a focus on essential service businesses. The firm offers various investment products to a global clientele, leveraging its rich history as an operator to deliver value across market cycles.
View original content to download multimedia:https://www.prnewswire.com/news-releases/origis-energy-secures-1-billion-strategic-investment-from-brookfield-and-antin-302351327.html
SOURCE Origis Energy