US-based Origis Energy has secured a tax equity commitment from fellow US-based J.P. Morgan for its 200 MW Golden Triangle I Solar + Storage project in Mississippi. This project, operating under a PPA with the Tennessee Valley Authority, will deliver clean energy and enhance grid resiliency at competitive rates. With 50 MW of battery storage, Golden Triangle I is part of Origis Energy’s broader effort to provide 750 MW of solar capacity and 350 MW of battery storage in Mississippi. The investment is expected to generate $182 million in short-term construction and hiring gains and $7.2 million in additional economic benefits. Origis Energy benefits from the Investment Tax Credit incentives of the Inflation Reduction Act. Latham & Watkins LLP advised Origis Energy, while Hunton Andrews Kurth LLP represented J.P. Morgan.
J.P. Morgan invests in Golden Triangle I PV project
The 200 MW Golden Triangle I project is part of a broader 750 MW renewable initiative in Mississippi for TVA. (Image Source: ContourGlobal)
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