Already Miami-based Origis Energy, has a portfolio of over 600 megawatts of completed solar projects worldwide. Now the company will expand that portfolio of projects, thanks in part to raising $100 million in growth capital from Belgium’s Baltisse, a private investment firm owned led by Filip Balcaen, who now becomes a member of Origis’ board.
“The strength of our balance sheet as an independent power producer in the US is a critical consideration for utility and corporate procurement executives,” said Guy Vanderhaegen, Origis Energy CEO. “We have crossed major milestones in our work for leading utilities in the US.”
Origis already has developed more than 100 solar projects for utilities and large-scale corporate buyers across the world and has offices in the US, Belgium and Brazil. In the US for instance, it has developed projects with energy companies including The Southern Company, Pacific Corp, a Berkshire Hathaway Company, Idaho Power, South Mississippi Electric Power Association and the City of Tallahassee, FL. Across the world it’s installed projects in Chile, Italy, Greece, Slovakia and in other countries.
Baltisse, which focuses on private equity and real estate investments, has partnered with Origis in the past, providing project financing. Now it will take a more active role in the company. “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,” Vanderhaegen said.
Baltisse’s markets include industry, food and beverage, health care, energy and services. As such, Balcaen has insights into the US market ideal for helping Origis expand further into commercial markets.
“After successfully deploying our project financing, the Origis team has demonstrated a track record of solar industry excellence,” Balcaen said. “Origis continues to improve their integrated offering for large scale energy buyers. We anticipate accelerated growth into these markets by the firm.”Tweet