Origis Energy Closes $118 Million Tax Equity Deal for 65 MW California Solar and 100 MWh Storage Project

Origis Energy has secured $118 million in tax equity financing from RBC Community Investments for the Chalan Solar + Storage project in Kern County, California, adding fresh capital to a hybrid renewable energy asset that combines utility scale solar generation with battery storage. The project includes 65 MWac of solar capacity and a 25 MW / 100 MWh battery energy storage system, with commercial operations expected in the fourth quarter of 2026.

The transaction reflects the continued importance of tax equity in advancing large scale US clean energy projects, particularly those pairing generation with storage to improve grid reliability and dispatch flexibility. In this case, the financing helps support a project structure that is designed not only to deliver renewable power, but also to strengthen the value of that power through storage capacity that can better match demand patterns.

 

Long Term Revenue Visibility Strengthens the Project

 

A key feature of the Chalan project is its 20 year power purchase agreement with Pioneer Community Energy, a not for profit community choice electricity provider based in Rocklin, California. That long term offtake arrangement gives the project a more stable revenue profile and reduces merchant exposure, which is especially important in an environment where investors remain focused on contract quality and long duration cash flow visibility.

For Origis Energy, the financing also signals confidence in its ability to move projects through development, capital formation, construction, and long term ownership. The company is not only building the asset, but also intends to own and operate it, which points to a strategy centered on long duration infrastructure value rather than one time project turnover.

 

Read more: Sunotec and Blackstone Back Europe’s Grid-Linked Renewable Buildout With 15 GW Track Record and 5 GWh of Storage Delivery

 

Solar Plus Storage Continues to Gain Strategic Weight

 

The Chalan project fits a broader market trend in which standalone solar is increasingly being paired with battery systems to improve performance and grid relevance. A 25 MW / 100 MWh battery adds four hours of storage duration, allowing a greater share of solar generation to be shifted into periods when electricity demand and pricing may be stronger. That improves the operational usefulness of renewable energy and makes hybrid projects more attractive for utilities and community choice aggregators looking for dependable clean power supply.

In California, where grid flexibility, peak demand management, and reliability remain central concerns, solar plus storage projects carry strategic value beyond simple nameplate capacity. They help meet decarbonisation goals while also addressing the practical challenge of integrating variable renewable generation into a heavily used power system.

 

Explore OneStop ESG Marketplace: Solar energy

 

This financing round highlights that capital continues to flow toward contracted clean energy infrastructure with clear offtake arrangements and integrated storage. It also shows that the market remains receptive to projects that combine policy support, long term power sales, and operational flexibility in a single platform.

For Origis Energy, the RBC investment strengthens the company’s position in the US clean energy market at a time when competition for high quality renewable assets remains intense. For the wider sector, the deal is another example of how solar and storage projects are being structured as financeable, contracted infrastructure capable of serving both energy transition goals and long term investor requirements.