Origis Energy, a solar project developer, secured $118 million in tax equity financing from RBC Community Investments, syndicator of renewable energy tax credits for the Chalan Solar + Storage project in Kern County, California.
The project consists of a 65 MWac solar system along with a 25 MW/100 MWh battery energy storage system. Origis Energy is constructing and will own and operate the project, which is expected to achieve commercial operation in Q4 2026.
“We are delighted to partner with RBC to bring another high-quality solar and storage project to the grid and deliver reliable, cost-effective clean energy to Pioneer’s customers and communities,” said Alice Heathcote, Chief Financial Officer of Origis Energy. “This transaction underscores the strength of our platform – from development through financing – and our ability to attract top-tier capital partners as we continue to scale.”
The project’s output is contracted under a 20-year power purchase agreement with Pioneer Community Energy, a not-for-profit community choice electricity provider headquartered in Rocklin, California, serving customers across Placer and El Dorado counties.
Recently, the company closed $545 million senior secured project financing with Natixis Corporate & Investment Banking and Santander Corporate & Investment Banking for three utility-scale solar projects (the Rockhound Projects). The portfolio, located in Ector County, Texas, has a combined installed capacity of 413 MW. All three projects are currently under construction, with commercial operations expected in summer 2026.
Large-scale solar project funding increased by 37% in 2025 compared with the funding raised in 2024, according to Mercom’s recently released Annual and Q4 2025 Solar Funding and M&A report.
In February 2026, Lydian Energy, an independent power producer, closed a $689 million financing for two solar and one battery storage projects located across three states in the U.S. The full-stack financing, backed by CIBC and MUFG, comprises a construction-to-term loan, a tax credit bridge loan, a co-investment bridge loan, and a letter of credit facility. The two solar projects include the 75 MWac/100 MWdc AC Ranch 1 in New Mexico and the 170 MWac/210 MWdc Yellow Viking project in Texas.
