ORIX and IGS Solar Expand Solar Investment and Operations across the United States

Barry Gold, Managing Director and Head of ORIX Infrastructure and Renewable Energy (Photo: Business Wire)

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DALLAS--()--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.

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.

Contacts

ORIX USA Corporation
Amanda Gleason, 972-770-5083
agleason@marketwave.biz
or
Jeff Smith, 214-237-2301
Jeff.smith@orix.com

Contacts

ORIX USA Corporation
Amanda Gleason, 972-770-5083
agleason@marketwave.biz
or
Jeff Smith, 214-237-2301
Jeff.smith@orix.com