Utah based rPlus Energies has secured over $1 billion in construction debt financing for its landmark Green River Energy Center project in Utah, comprising 400 MW of PV capacity and 400 MW/1,600 MWh of battery storage. This project marks rPlus Energies’ debut as an independent power producer and will become one of Utah’s largest solar-plus-storage facilities, supported by a PPA with PacifiCorp. The project is expected to create 500 construction jobs, with a focus on local hiring, and generate substantial long-term benefits for Emery County. Sundt Renewables will oversee engineering, procurement, and construction services. Five financial institutions, including Crédit Agricole and Wells Fargo, acted as coordinating lead arrangers, with MUFG serving as Administrative Agent. Legal advisory roles were fulfilled by Norton Rose Fulbright and Winston & Strawn.
rPlus Energies secures $1B for Green River Project
The Green River Energy Center in Utah will feature 400 MW of PV capacity paired with 400 MW/1,600 MWh of battery storage. (Image Credit: Pexels)
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)