rPlus secures $500M tax equity for Utah solar-plus-storage project

The $500 million tax equity deal enables rPlus Energies to fund 800 MW AC of solar and storage at Green River Energy Center under a long-term PPA with PacifiCorp.

By Karthik Srivasthav G 06 Jun 2025 in Business Bytes America Bytes

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Green River Energy Center includes 400 MWAC of solar PV and 400 MW AC/1,600 MWh of battery storage capacity. Image Source: GlobeNewswire

rPlus Energies, a US-based developer of utility-scale renewable and storage projects, has secured over $500 million in tax equity financing. The funds support the Green River Energy Center in Emery County, Utah, which includes 400 MW AC of PV and 400 MW AC/1,600 MWh of BESS. The project is backed by a long-term PPA with PacifiCorp and structured using the federal Investment Tax Credit. RBC Community Investments has led the tax equity syndicate, following $1 billion in construction debt secured by rPlus Energies last year. The company said the project will deliver $55 million in local economic benefits to Emery County over 20 years. rPlus and its partners have also contributed $375,000 to Utah State University Eastern for workforce-focused scholarships. Construction is underway, with commercial operation of the Green River Energy Center scheduled for 2026.

#Utah #GreenRiverEnergyCenter #RBCCommunityInvestments #rPlusEnergies

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