Origis Energy has secured $118 million in tax equity financing from RBC Community Investments for its Chalan Solar + Storage project in Kern County, California. This funding will support the development of the clean energy initiative.
โRBC's investment in the Chalan solar and storage project demonstrates our longstanding and continued commitment to the clean energy transition.โ
Origis Energy closed a $118 million tax equity financing deal with RBC Community Investments for a solar and storage project in Kern County, California. The project includes a 65 MWac solar facility and a 25 MW / 100 MWh battery storage system, expected to be operational by Q4 2026.
This deal signals continued institutional interest in renewable energy projects, particularly those combining solar and storage, which could influence future capital allocations in the sector.
Regulatory changes affecting tax equity financing.
HighEngage with policymakers to advocate for stable renewable energy incentives.
Potential delays in project completion.
MediumImplement robust project management and contingency planning.
Market volatility impacting energy prices.
MediumSecure long-term power purchase agreements to stabilize revenue.
The article reports on Origis Energy securing $118 million in tax equity financing from RBC Community Investments for the Chalan Solar + Storage project in Kern County, California. The project includes a 65 MWac solar facility and a 25 MW / 100 MWh battery storage system, expected to be operational by Q4 2026. The project's output is contracted under a 20-year power purchase agreement with Pioneer Community Energy. RBC Community Investments has raised over $22.3 billion in equity with 121 institutional investors as of April 2026. Origis Energy has surpassed 2 GW in operating capacity, emphasizing their commitment to delivering cost-competitive clean energy solutions.
This source provides detailed insights into the financial structure and strategic importance of the Chalan project, highlighting the role of tax equity financing in advancing renewable energy initiatives.
The deal strengthens the bullish outlook for renewable energy projects with integrated storage solutions.
prnewswire.com
On April 8, 2026, Origis Energy announced the closing of $118 million in tax equity financing from RBC Community Investments for the Chalan Solar + Storage project. The project is expected to achieve commercial operation by Q4 2026 and has a 20-year power purchase agreement with Pioneer Community Energy [prnewswire.com].
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