rPlus Energies secured $304 million in financing, including $179 million for the construction of Pleasant Valley Solar 2 in Ada County, Idaho, and a $125 million Corporate Letter of Credit Facility with Deutsche Bank. The construction debt facility, led by Canadian Imperial Bank of Commerce, Crédit Agricole, and KeyBanc, will fund the project, which will supply energy to Idaho Power’s grid and support Meta’s renewable energy goals for its Kuna data center. Currently under construction, the project will create 200 jobs and contribute through a 3.5% solar energy tax. The Corporate Letter of Credit Facility will provide financial flexibility for rPlus Energies to advance 1.2 GW of projects under construction and 15 GW in development.
rPlus Energies strengthens portfolio with new financing deals
Pleasant Valley Solar 2 secured funding through construction debt and credit facilities to support renewable energy and Meta’s Kuna data center. (Image Source: rPlus)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
LRE powered up Morrow Lake Solar, supplying 200 MW to Microsoft with innovative solar tech and eco-friendly land use. (Image Credit/Source: StockSnap/Pixabay)
re:cap green energy acquired 51.7 MW solar projects from Milvio Energy, with completion expected between Q1 and Q4 of 2025. (Image Credit/Source: TheOtherKev/Pexels)
KYOCERA completed a solar energy project in Ohio, reducing reliance on traditional energy sources and advancing its 2031 renewable energy goal. (Image Credit/Source:MarkStebnicki/Pexels)