The project is expected to reach commercial operations in the second half of 2026. It will advance local energy affordability and resilience in West Texas — generating over 900GWh of solar energy annually for the local grid, which equates to powering 85,000 homes or a city of 250,000 people — and is projected to drive $68M of property tax revenue for Ector County.
This tax equity investment, backed by investment grade-rated capital, was underwritten and structured by Crux Capital Securities, Crux’s registered broker-dealer. The investment is made through a Crux-managed vehicle with Origis Energy as a hybrid partnership flip designed to optimize monetization of its federal investment tax credits (ITC) through the use of transferability.
Tax equity is a critical financing tool in the US renewable energy market, enabling developers to efficiently deploy capital and advance resilient energy infrastructure. Hybrid tax equity strategies make up the majority of tax equity investments, and transfers out of tax equity are the fastest-growing part of the market. Crux’s market data estimates that hybrid tax equity structures, which are structured to transfer a portion of the tax credits, made up more than 75% of all tax equity investments in 2025.
“This investment reflects how the tax equity market is evolving toward more integrated, flexible structures that unlock capital efficiently and at scale,” said Yonette Chung McLean, Head of Investments and Crux Capital Securities.
“Origis Energy is a best-in-class developer building high-quality projects. By bringing together tax equity, transferability, and investment-grade capital within a single structure, Crux was proud to support Origis in advancing a project that will deliver long-term value for Texas communities and the broader grid.”
“This investment enables Origis to deliver a large-scale solar project that strengthens grid resilience, supports long-term energy affordability, and generates substantial local tax revenue,” said Alice Heathcote, Chief Financial Officer of Origis Energy. “Thank you to Crux for their sustainable tax equity solutions. We value the strong partnership as we continue to invest in high-impact renewable infrastructure across Texas and the United States.”
