Origis Energy Completes Management Buyout of Original Shareholders
The transaction solidifies US control of Origis Energy, a top ranked clean energy developer with over 1 GW of operational and nearly 3 GW in contracted solar and energy storage projects.
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MIAMI, Jan. 6, 2021 /PRNewswire/ Origis Energy, a top ranked U.S. solar and energy storage developer, today announced the management buyout of its original nonoperational shareholders. Global Atlantic Financial Group ( Global Atlantic ), a leading annuity and life insurance company, provided financing for the transaction. As a result of the transaction, Global Atlantic, who has held an equity position in Origis Energy since 2018, increases its economic interest in the company. Details of the transaction were not disclosed.