ORIX and IGS Solar Expand Solar Investment and Operations across the United States
March 27 2017 - 11:00AM
Business Wire
ORIX USA (ORIX), a division of leading integrated financial
services group ORIX Corporation, announced today a partnership with
IGS Solar (IGS), a leading turnkey commercial and residential solar
provider. Together, ORIX and IGS will develop, acquire and operate
a nationwide portfolio of commercial and industrial solar energy
generation products across the United States.
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Barry Gold, Managing Director and Head of
ORIX Infrastructure and Renewable Energy (Photo: Business Wire)
Committed to growing its renewable energy business in the United
States, ORIX has partnered with IGS to invest in an initial group
of assets that includes 13 solar energy projects across seven
states that are either in operation or currently under
construction. The two companies expect to continue to grow the
portfolio, making additional investments in projects within the
coming months.
“Together with IGS, we are well-positioned to rapidly expand our
portfolio of renewable energy assets,” said Barry Gold, Managing
Director and Head of ORIX Infrastructure and Renewable Energy.
“ORIX has a long history of investing in a broad array of
infrastructure assets—specifically renewable energy generation.
Investing in solar projects is especially attractive given our
ability to utilize both the tax and cash benefits directly. Being
part of the ORIX Corporation group, we have substantial resources,
capital and industry expertise to put behind infrastructure and
renewable energy assets."
Scott White, President and CEO of IGS, said, “Our alignment with
ORIX fits closely with our long-term approach. We share the same
culture of innovation, commitment to delivering exceptional
customer experiences and dedication to making solar accessible,
particularly to organizations that haven’t previously been able to
consider it due to the upfront costs.”
ORIX USA Corporation
Since 1981, ORIX USA has provided innovative capital solutions
that clients need to propel their business to the next level. Based
in Dallas, ORIX USA has a team of more than 700 employees spanning
nearly 20 offices across the U.S. and Brazil. ORIX USA and its
family of companies offer investment capital and asset management
services to clients in the corporate, real estate, municipal and
energy sectors, while holding $6 billion of assets and managing an
additional $29 billion, approximately. Its parent company, ORIX
Corporation, is a Tokyo-based, publicly owned international
financial services company with operations in 37 countries and
regions worldwide. ORIX Corporation is listed on the Tokyo (8591)
and New York Stock Exchanges (IX). For more information on ORIX
USA, visit www.orix.com.
IGS Solar
IGS Solar, a turnkey commercial and residential solar provider
with significant solar assets under development, provides
businesses, homes and communities with an opportunity to
participate in creating a sustainable energy future with no upfront
investment. As an affiliate of IGS Energy, IGS Solar is dedicated
to delivering innovative solar energy solutions. For more
information, call (866) 801-9928 or
visit IGSsolarpower.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170327005768/en/
ORIX USA CorporationAmanda Gleason,
972-770-5083agleason@marketwave.bizorJeff Smith,
214-237-2301Jeff.smith@orix.com
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