Greenwood Energy (www.gwenergy.com), the North American solar energy investment and development subsidiary of the Libra Group, has completed two solar project portfolio financings with ORIX Corporation USA (ORIX USA). Greenwood Energy was advised during the transaction by Marathon Capital.
The U.S. renewable energy market is a multibillion dollar sector. A global focus on clean power, where many U.S. developers lead the field, has given rise to new solutions with improved technology offering greater efficiencies year upon year. Greenwood Energy has been operating in the clean energy industry sector since 2010 and has developed 36 solar energy projects across eight U.S. states in excess of 100 MW. The company represents a key part of the Libra Group’s commitment to renewable energy in the Americas. ORIX USA has been investing in the U.S. solar industry since 2015, with a focus on the commercial, industrial and small utility-scale sub-sector.
Greenwood Energy Managing Director Jon Cole commented, “This commitment by ORIX USA represents a strong endorsement of Greenwood Energy and its commercial strategy for solar energy in the U.S. The U.S. energy market offers exceptional growth potential at an unprecedented moment for clean technologies. We look forward to capitalizing on this opportunity and working closely with ORIX USA as our business develops.”
“ORIX Corporation has a long history of investing in a broad array of infrastructure assets globally — including renewable energy generation,” said Josh Herlands, head of infrastructure and renewable energy at ORIX USA. “We are excited to work with Greenwood Energy on this project and other potential solar projects as these investments are synergistic with our U.S. solar investment strategy and our corporate purpose to steward a better tomorrow.”