Natixis
Assembly Line
Origis Energy Closes $415M Funding Package for Texas-sited Swift Air Solar
Origis Energy, one of America’s leading renewable energy and decarbonization solution platforms, today announced the close of financing for the Swift Air Solar project in Ector County, Texas. The $415 million funding package includes construction, term debt and tax equity financing from Natixis Corporate & Investment Banking (CIB) and Advantage Capital. The project is under agreement with Houston-based Occidental (Oxy) and its subsidiary, 1PointFive, to provide zero-emission solar power for the Direct Air Capture (DAC) facility, STRATOS, currently under construction in the Permian Basin. Origis is the builder, owner, and operator of Swift Air Solar. “This is an exciting project, helping to power the world’s first large-scale direct air capture plant. This directly aligns with our mission to supply decarbonization solutions,” said Vikas Anand, Chief Executive Officer, Origis Energy.