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. It is headquartered in Salt Lake City, Utah and is backed by Sandbrook Capital and Gardner Group. The company’s portfolio consists of a strategic mix of solar, battery, wind, and pumped storage hydro facilities.
REGlobal’s Views: Solar plus battery storage is a key priority for PacifiCorp as it moves towards a least-cost and least-risk portfolio of energy generation resources. As per the company’s 2025 draft resource plan submitted to six state utility commissions in the company’s service area in March 2025, it plans 2,092 MW of utility-scale solar by the end of 2030 and 1,634 MW of 4-hour storage batteries by 2032.
