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Origis Energy fully commissions 500MWdc Swift Air Solar complex
Yahoo Finance· 2026-02-20 10:35
Core Insights - Origis Energy has successfully commissioned the 500MWdc Swift Air Solar complex in Texas, which will support Occidental's operations, including the STRATOS Direct Air Capture facility, representing an investment of over $650 million in the region [1][2]. Group 1: Project Overview - The Swift Air Solar complex consists of three solar power facilities designed to enhance energy supply for oil and gas operations in West Texas [1]. - The project was executed in three phases, with the final phase completed in late 2025, utilizing Sungrow's inverters [5]. Group 2: Financial Aspects - Origis Energy secured a $415 million financing package to support the project, which included construction costs, term debt, and tax equity financing [3]. - Natixis Corporate & Investment Banking coordinated a $290 million financing for construction and term debt, while Advantage Capital provided $125 million in tax equity for the solar and battery energy storage system [4]. Group 3: Strategic Importance - The new solar facilities are crucial for unlocking the full potential of the Permian Basin's resources and meeting growing energy demands [2]. - The partnership between Origis Energy and Occidental is highlighted as a significant collaboration to advance large-scale Direct Air Capture technology [2][3].