Origis Energy, a U.S.-based renewable energy company, secured $290 million for the Swift Air Solar II and Swift Air Solar III projects in Ector County, Texas. The two projects have a total capacity of 313 MW.
The senior secured debt facilities, which include construction debt, term debt, and a tax credit bridge loan, were secured from Natixis Corporate & Investment Banking (Natixis CIB) and Santander Corporate & Investment Banking (Santander).
Natixis CIB and Santander served as coordinating lead arrangers, bookrunners, hedging banks, and LC issuers, with Natixis CIB also acting as green loan coordinator and administrative agent for the $290 million debt package.
The projects are expected to begin commercial operation in Q4 2025. The projects will deliver energy and renewable energy credits to Houston-based Occidental Power (Oxy) and its subsidiary, OLCV Stratos Development, for Swift Air Solar II under two 15-year PPAs, supplying zero-emission solar power to the STRATOS Direct Air Capture facility now being built in the Permian Basin.
Origis is the builder, owner, and operator of Swift Air Solar II and III, which form the first phase of a larger 600 MW complex in Ector County, West Texas. Three additional projects are expected to reach Full Notice to Proceed before year-end.
“We’re excited to have achieved this successful financing milestone for the Swift Air Solar projects. These projects further demonstrate Origis Energy’s ability to scale efficiently and mark another step toward bringing over 3 GW of long-term contracted assets into commercial operation by the end of 2026,” said Alice Heathcote, Chief Financial Officer, Origis Energy. “A big thank you to Natixis CIB and Santander for their ongoing partnership on both these transactions and beyond.”
According to Mercom’s 9M and Q3 2025 Solar Funding and M&A report, large-scale project funding increased by 43% in the first nine months of 2025 compared with the same period in 2024.
In December 2025, Earthrise Energy, an independent renewable energy power producer, announced the closing of a $360 million financing package to support the continued development of the company’s co-located solar project portfolio. The facility will also refinance its existing thermal portfolio debt.
