Origis Vitality has closed on $71 million in tax fairness financing with U.S. Bancorp Influence Finance for its 75 MW Rice Creek Photo voltaic challenge in Putnam County, Fla.
The challenge is contracted with the Florida Municipal Energy Company (FMPA) for 12 of their taking part member municipal utilities.
“U.S. Financial institution’s experience and dedication to the renewable power market helps us understand our giant photo voltaic portfolio,” says Vikas Anand, CEO of Origis Vitality.
“Rice Creek is one other instance of their assist empowering us to scale successfully and convey clear power initiatives on-line. We applaud FMPA for including more cost effective power sources to fulfill the rising electrical energy demand of thousands and thousands of Floridians, and U.S. Financial institution for supporting the challenge.”
Rice Creek is the third photo voltaic web site within the Florida Municipal Photo voltaic Challenge. Origis Vitality is the builder, proprietor and operator of the challenge.
Latham & Watkins represented Origis Vitality within the transaction, with Akerman serving as native counsel. Sheppard Mullin acted as U.S. Financial institution’s Counsel, with Balch & Bingham serving as native counsel.
