rPlus Energies, a US-based renewable energy developer, has secured ~$100 million in tax equity financing from Truist for its 125 MW Pleasant Valley Solar 2 project in Ada County, Idaho. The project was structured to address growing electricity demand, improve grid reliability, and contribute to local economic activity, according to Luigi Resta. Pleasant Valley Solar 2 is one of several projects supported through rPlus Energies’ financing activities in 2025. With this closing, the company’s total tax equity commitments for the year have reached more than $600 million. These commitments were distributed across multiple large-scale renewable energy projects in the American West. rPlus Energies said the financing underscored its ability to advance utility-scale solar development and strengthen regional energy infrastructure.