Renewables developer Origis Energy and Advantage Capital have closed a US$265 million tax equity commitment to fund the development of 96 MW Whistling Duck solar project in Levy County, Florida, and the 209 MW Walker Springs I and II solar projects in Clarke County, Alabama. The three southeastern solar projects continue to increase Origis’ portfolio in the United States. The Advantage Capital announcement also comes after the developer signed a similar deal for Wheatland solar farm in Indiana, a signing that significantly expands its renewable energy capacity in the country. The agreements also makes a statement on the growing confidence that the private sector has in U.S. renewables.
Projects Overview
The financed projects – Whistling Duck solar project in Florida, and the Walker Springs I and II in Alabama are slated for commercial operations start by late 2025 through 2026. According to Origis, Whistling Duck and Walker Springs I expect to come online by late 2025, while Walker Springs II will start renewable energy generation in early 2026.
Origis Energy and Advantage Capital Tax Equity Agreement
Tax equity financing for large scale solar projects in the U.S. continue to increase. This is largely driven by favorable tax credits and a growing demand for cleaner energy. Also in the picture is the increasing interest from large financial institutions that often represents long term, stable money. By backing these projects, Advantage Capital and Origis are aiming to deliver ‘cost competitive, domestically sourced’ solar power while also supporting local economies across rural communities.
Project Factsheet for Origis-Advantage Capital Solar Portfolio in Southeastern U.S.
Developer: Origis Energy
Financier: Advantage Capital
Financing Amount: US$265 million tax equity commitment
Projects Financed:
- Whistling Duck in Levy County, Florida
- Walker Springs I and II in Clarke County, Alabama
Total Capacity: 305 MW
Expected Commercial Operation Dates:
- Whistling Duck: Late 2025
- Walker Springs I: Late 2025
- Walker Springs II: Early 2026
Domestic Sourcing: All three solar developments to utilize equipment made in the U.S.
Significance: Adds 305 MW of solar capacity to Southeastern U.S., and supports rural economies. Also brings in good dime to investors.
Factsheets for the Renewable Energy Projects
Whistling Duck Solar Project
Developer: Origis Energy
Location: Levy County, Florida
Solar Capacity: 96 MWdc (or 75 MWac)
Status: Late-stage construction. To begin commercial operation later this month.
Offtake: Part of a municipal backed solar program for local utilities through Florida Municipal Solar Project.
Equipment Sourcing: PV modules from U.S. manufacturer.
Walker Springs I Solar Project
Developer: Origis Energy
Location: Clarke County, Alabama
Capacity: 80 MWac. Part of combined 209 MWdc portfolio.
Status: Under construction. To be operational by end year 2025.
Walker Springs II Solar Project
Developer: Origis Energy
Capacity: 80 MWac.
Status: Under construction. To be operational in early 2026.
