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Released May 22, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. renewable developer Origis Energy (Miami, Florida) has secured a financing agreement to support its solar and storage project activity, much of which is in Mississippi. While Origis' projects represent a significant portion of Mississippi's future renewable generation, the state contains other renewable-generation projects, resulting in total potential spending of more than $4.5 billion.
The $300 million in corporate financing from investment giant KKR & Company Incorporated (NYSE:KKR) (New York, New York) will "support the continued development and construction of Origis' pipeline of solar and storage projects," according to a joint press release.
Origis' current operating, contracted and mature development project portfolio stands at more than 12 gigawatts (GW), with an additional 13 GW in the pipeline, according to the press release.
The company accounts for about one-fourth of the active and planned renewable-generation projects in Mississippi being tracked by Industrial Info. A specific portfolio of three projects accounts for the state's largest battery-storage portfolio, according to the Origis website, and the largest under-construction solar portfolio. Each project will provide clean energy to Tennessee Valley Authority (TVA) (Knoxville, Tennessee) under power purchase agreements.
This Golden Triangle I and II projects in Artesia, Mississippi, in Lowndes County, each will provide up to 200 megawatts (MW) of solar power for a total capacity of 400 MW; Golden Triangle II, located about 20 miles from the Golden Triangle 1 site, also will feature a 50-MW battery energy storage system (BESS) to provide power when the sun isn't shining. Construction is expected to wrap up around the end of the year. The Optimist solar farm will provide more than 270 MW of nameplate generation upon completion, which is expected in 2026, and a BESS unit will provide another 50 MW of capacity.
Renewable Energy Systems (Broomfield, Colorado) is providing engineering, procurement and construction (EPC) services for all three projects and Mitsubishi Power Americas Incorporated (Lake Mary, Florida) is providing the BESS equipment.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here to read the related project reports.
Meanwhile, Energias du Portugal's (EDP) (Lisbon, Portugal) 175-MW, $235 million Pearl River solar plant in Ludlow is expected to be operational by the end of the year. Subscribers can read the detailed project report.
Also expected to be operational by the end of the year is Mississippi's first utility-scale windfarm: AES Corporation's (NYSE:AES) (Arlington, Virginia) $200 million Delta Windfarm in Tunica, which will provide approximately 200 MW of power. The windfarm will help power Amazon.com Incorporated's (NASDAQ:AMZN) (Seattle, Washington) operations in the state. Click here to read more information on the project.
For information on Amazon's investments in Mississippi, see January 31, 2024, article - Mississippi Incentives Package Paves Way for Two Amazon Data Centers.
Earlier this year, EPC contractor SOLV Energy (San Diego, California) began construction on Duke Energy Corporation's (NYSE:DUK) (Charlotte, North Carolina)'s $90 million Wildflower PV Solar Plant in Walls, in DeSoto County. The plant is expected to utilize solar panels from First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) to provide 100 MW of output. The project is expected to wrap up in mid-2025. Click here for the project report.
Mississippi, unlike some other U.S. states, does not have renewable portfolio standards (RPS), which aim for a partial or total use of renewable energy by a specific date.
Subscribers to the GMI Database can click here for all project reports mentioned in this article and click here for related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
The $300 million in corporate financing from investment giant KKR & Company Incorporated (NYSE:KKR) (New York, New York) will "support the continued development and construction of Origis' pipeline of solar and storage projects," according to a joint press release.
Origis' current operating, contracted and mature development project portfolio stands at more than 12 gigawatts (GW), with an additional 13 GW in the pipeline, according to the press release.
The company accounts for about one-fourth of the active and planned renewable-generation projects in Mississippi being tracked by Industrial Info. A specific portfolio of three projects accounts for the state's largest battery-storage portfolio, according to the Origis website, and the largest under-construction solar portfolio. Each project will provide clean energy to Tennessee Valley Authority (TVA) (Knoxville, Tennessee) under power purchase agreements.
This Golden Triangle I and II projects in Artesia, Mississippi, in Lowndes County, each will provide up to 200 megawatts (MW) of solar power for a total capacity of 400 MW; Golden Triangle II, located about 20 miles from the Golden Triangle 1 site, also will feature a 50-MW battery energy storage system (BESS) to provide power when the sun isn't shining. Construction is expected to wrap up around the end of the year. The Optimist solar farm will provide more than 270 MW of nameplate generation upon completion, which is expected in 2026, and a BESS unit will provide another 50 MW of capacity.
Renewable Energy Systems (Broomfield, Colorado) is providing engineering, procurement and construction (EPC) services for all three projects and Mitsubishi Power Americas Incorporated (Lake Mary, Florida) is providing the BESS equipment.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here to read the related project reports.
Meanwhile, Energias du Portugal's (EDP) (Lisbon, Portugal) 175-MW, $235 million Pearl River solar plant in Ludlow is expected to be operational by the end of the year. Subscribers can read the detailed project report.
Also expected to be operational by the end of the year is Mississippi's first utility-scale windfarm: AES Corporation's (NYSE:AES) (Arlington, Virginia) $200 million Delta Windfarm in Tunica, which will provide approximately 200 MW of power. The windfarm will help power Amazon.com Incorporated's (NASDAQ:AMZN) (Seattle, Washington) operations in the state. Click here to read more information on the project.
For information on Amazon's investments in Mississippi, see January 31, 2024, article - Mississippi Incentives Package Paves Way for Two Amazon Data Centers.
Earlier this year, EPC contractor SOLV Energy (San Diego, California) began construction on Duke Energy Corporation's (NYSE:DUK) (Charlotte, North Carolina)'s $90 million Wildflower PV Solar Plant in Walls, in DeSoto County. The plant is expected to utilize solar panels from First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) to provide 100 MW of output. The project is expected to wrap up in mid-2025. Click here for the project report.
Mississippi, unlike some other U.S. states, does not have renewable portfolio standards (RPS), which aim for a partial or total use of renewable energy by a specific date.
Subscribers to the GMI Database can click here for all project reports mentioned in this article and click here for related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
