rPlus Energies Secures Over USD 1 Billion for Utah Solar-Plus-Storage Project

Credit: rPlus Energies

Renewables developer rPlus Energies has secured more than USD 1 billion (EUR 917 million) in construction debt financing for its Green River Energy Centre in , one of the largest planned -plus-storage facilities in the region.

Located in Emery County, the Green River Energy Centre will combine 400 MW of solar photovoltaic (PV) capacity with a substantial 400-MW/1,600-MWh battery storage system. The project includes a (PPA) with PacifiCorp, a subsidiary of Berkshire Hathaway.

Engineering, procurement, and construction services will be provided by Sundt Renewables.

Corporate and Investment Bank, KeyBanc Capital Markets, Ltd, Truist Securities Inc, and Wells Fargo Securities LLC were involved as coordinating lead arrangers for the debt financing, with MUFG serving as the administrative agent for the lenders.

rPlus Energies' president and CEO Luigi Resta emphasized that the Green River Energy Centre marks the company's entry into independent power production. This significant financing underscores the project's role in advancing renewable energy infrastructure in Utah.

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