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Publish Date : 08-Nov-2016

European private investment firm Baltisse has offered US$100 million in growth capital for Origis Energy, a Miami-based international solar development and construction firm.

Earlier, Baltisse has teamed up with Origis on solar projects of Origis in Europe and the US off of project financing. The investment will see Filip Balcaen, executive chairman of Baltisse, become a member of the Origis Board.

Through the funding, Origis will be able to build up its US business arm with the company already joining forces with sector leaders in The Southern Company, Pacific Corp, a Berkshire Hathaway Company, Idaho Power, and South Mississippi Electric Power Association.

The strength of our balance sheet as an independent power producer in the US is a critical consideration for utility and corporate procurement executives. 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 fulfill the solar objectives of large scale energy users in the US, said Guy Vanderhaegen, chief executive officer of Origis Energy.

After successfully deploying our project financing, the Origis team has demonstrated a track record of solar industry excellence. Origis continues to improve their integrated offering for large scale energy buyers. We anticipate accelerated growth into these markets by the firm, Balcaen added.

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