J.P. Morgan has made a new tax equity commitment and initial funding to Origis Energy for the 210 MW Wheatland solar farm project in Knox County, Indiana. This will provide capital needed to move Wheatland through final construction and toward targeted Q1 2026 commercial start. The transaction also adds to previously arranged portfolio financing with MUFG earlier this year. Wheatland solar project also has long term revenue, 20-year power purchase agreement (PPA) with CenterPoint Energy.
Project Overview
Wheatland solar farm is a 210 MW project set on agricultural land in Knox County, Indiana. The project is designed with high-efficiency PV modules and tracker systems suited to the region’s solar resource profile. Construction is already underway, now aided by J.P. Morgan’s newly secured tax equity investment.
Wheatland Solar Farm Project Factsheet
Developer: Origis Energy
Location: Knox County, Indiana
Capacity: 210 MWdc
Technology: Utility scale photovoltaic using single-axis tracking.
Offtaker: CenterPoint Energy with 20-year PPA.
Financing: Tax equity commitment by J.P. Morgan. Construction financing by MUFG.
Target Operational Date: Q1 2026
Grid: Midcontinent Independent System Operator (MISO)
Project Timeline
May 2025: MUFG arranges construction financing covering multiple Origis projects, including Wheatland Solar.
December 2025: Origis secures tax equity commitment and initial funding from J.P. Morgan for full construction mobilization.
Late 2025 through 2026: Construction progresses on site in Knox County.
Q1 2026: Target commercial operation date.
Outlook on Wheatland Solar Farm Project in Indiana
Once Wheatland solar farm reaches commercial operation in early 2026, it will add significant renewable energy capacity during a period of tightening reserve margins across parts of the Midwest. Additionally, with a long term offtake contract and financing locked in, concentration now shifts to the final construction phase and interconnection with MISO system. The grid system also has connection to projects like Averon’s Posey solar plant and Mammoth solar project among others in the state. Wheatland’s scale and financing structure also continues to strengthen Origis’ expansion through the U.S. solar energy market.
