Origis Energy raises $100 million from private equity firm Baltisse for growth capital

Written By: Stratton Report
November 3, 2016

On November 3, Origis Energy announced that Baltisse  the private investment firm of Filip Balcaen, would provide up to $100 million in growth capital for the firm. Baltisse had previously provided project financing for Origis’s solar farms in Europe and the U.S.

Filip Balcaen becomes a member of the Origis Board.

Origis expects to utilize the funding to strengthen its offerings to utilities and large scale corporate energy buyers.

Per Origis the firm has developed more than 100 projects worldwide representing 600+ megawatts to date of solar capacity. In the U.S., the company has worked with Southern Company, Pacific Corp, Idaho Power, South Mississippi Electric Power Association and the City of Tallahassee, FL.

Guy Vanderhaegen, Chief Executive Officer of Origis Energy noted:

“The strength of our balance sheet as an independent power producer in the U.S. is a critical consideration for utility and corporate procurement executives. We have crossed major milestones in our work for leading utilities in the U.S. This investment and the board guidance of Filip Balcaen makes Origis an even stronger partner to fulfill the solar objectives of large scale energy users in the U.S.”

Filip Balcaen, Executive Chairman, Baltisse remarked:  “After successfully deploying our project financing, the Origis team has demonstrated a track record of solar industry excellence,” said. “Origis continues to improve their integrated offering for large scale energy buyers. We anticipate accelerated growth into these markets by the firm.”