Antin Infrastructure Partners, one of the world’s leading infrastructure investment firms, announced this Monday that funds managed by it will acquire a majority stake in Origis Energy, a top US renewable energy developer.
Firstly, Origis Energy is a vertically integrated renewable energy platform in the United States. The company focuses on developing, building, and operating utility-scale solar and storage assets and distributed generation.
Moreover, according to the statement, its president, Guy Vanderhaegen, will continue to lead and hold a significant stake in the company after the acquisition. Indeed, Origis has a track record of development success across 130 solar and storage projects. It also has a contracted pipeline that is among the largest in the US.
Consequently, after the acquisition, Antin will support Origis Energy with additional capital and resources to further develop its infrastructure. Origis will scale its operations to deliver on longer-term development goals; continue to expand its operations and maintenance services business and further strengthen its position as a key player in the energy transition.
In addition, Origis’ solar and storage projects offer a clean alternative to fossil fuel-reliant energy sources. Therefore, it is truly at the forefront of companies contributing to decarbonization efforts. As a result, investing in Origis was a logical and necessary step for Antin, as it expands its presence in the United States.
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Antin Infrastructure expansing its pressence in the US
In fact, the transaction came through Antin’s Fund IV; the company’s third investment in the US market, as Antin expanded its presence in North American infrastructure. It follows the opening of its New York office in 2019.
On the other hand, about the relevance of the investment, Guy Vanderhaegen, CEO & President of Origis Energy, said. “With its backing, we can continue to capitalize on the fast-growing US renewables market, which benefits from a supportive regulatory environment and compelling technology fundamentals.”
Furthermore, Kevin Genieser, Senior Partner at Antin, who led the transaction, stated. “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.”
Finally, the transaction would close in late 2021, following the receipt of customary regulatory approvals.
