Totaling 24.5 MW DC, the projects operate through 20-year power purchase agreements with Georgia Power. Under the new agreement, Origis will continue to provide operations and maintenance (O&M) and asset management services.
In addition to this initial acquisition, the companies have executed a broad collaboration framework agreement, wherein RET Capital will provide Origis with a long-term reliable source of capital for its assets. Origis will provide development; engineering, procurement and construction; O&M; and asset management services for its pipeline in North America. Additionally, they will continue to work together to expand their co-development and acquisition efforts.