rPlus Energies has secured the close of tax equity financing commitment with RBC Community Investments and a syndicate of investors. The tax equity financing commitment exceeds $500 million and will support the Green River Energy Center, situated in Emery County, Utah. It is a solar-plus-storage project. The financing will utilise the federal investment tax credit.
The Green River Energy Center includes 400 MWac of solar PV and 400 MWac/1,600 MWh of battery storage. It has a long-term power purchase agreement in place with PacifiCorp. Additionally, the project secured the closing of over $1 billion in construction debt financing in 2024. It is currently under construction and is expected to be completed in 2026.
rPlus Energies develops, owns, and operates large-scale renewable energy generation and electric storage projects in US. The company’s portfolio consists of a strategic mix of solar, battery, wind, and pumped storage hydro facilities.
