Baltisse, the European private investment firm of Filip Balcaen, has committed to provide up to USD100 million in growth capital for Origis, a Miami-based international solar development and construction firm with a photovoltaic (PV) portfolio of over 600 megawatts.
As part of the agreement, Balcaen is joining the Origis board.
Baltisse had previously co-operated with Origis on solar projects in Europe and the US via the contribution of project financing.
Origis has developed more than 100 projects worldwide totalling 600 megawatts to date of solar capacity. In the US, the company works with The Southern Company, Pacific Corp, a Berkshire Hathaway Company, Idaho Power, South Mississippi Electric Power Association and the City of Tallahassee, Florida.
“The strength of our balance sheet as an independent power producer in the US is a critical consideration for utility and corporate procurement executives,” says Guy Vanderhaegen, chief executive officer of Origis Energy. “We have crossed major milestones in our work for leading utilities in the US. This investment and the board guidance of Filip Balcaen makes Origis an even stronger partner to fulfil the solar objectives of large scale energy users in the US.”
