rPlus Energies secures $500 million for 400MW/1.6GWh Utah solar-plus-storage project

Facebook
Twitter
LinkedIn
Reddit
Email
The Green River Energy Center, currently under construction, includes 400MW of solar PV and 400/1,600MWh of battery storage. Image: rPlus Energies.
The Green River Energy Center, currently under construction, includes 400MW of solar PV and 400MW/1,600MWh of BESS. Image: rPlus Energies.

Renewables developer rPlus Energies has secured more than US$500 million for a 400MW/1.6GWh solar-plus-storage project in Emery County, Utah, US.  

The financing was secured through a tax equity commitment of over $500 million from RBC Community Investments and a consortium of investors. The funding will leverage the federal Investment Tax Credit (ITC) to support the development of the Green River Energy Centre. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The Green River Energy Centre, currently under construction, includes 400MW of solar PV and 400MW/1,600MWh of battery energy storage system (BESS). The solar-plus-storage project is expected to be completed in 2026. The company describes it as one of Utah’s largest planned solar-plus-storage projects.  

The project is backed by a power purchase agreement (PPA) in place with US utility PacifiCorp, which was signed by both parties in October 2022.

“This project will use federal tools, such as the investment tax credit, to ensure that rural communities continue to lead the country’s energy production,” said Luigi Resta, CEO of rPlus Energies. 

This follows the announcement last year of over $1 billion in successfully secured construction debt financing for the project, led by Crédit Agricole Corporate and Investment Bank, KeyBanc Capital Markets, MUFG Bank, Truist Securities, and Wells Fargo Securities. 

Additionally, several project partners have contributed a total of $375,000 to support two scholarship programs – the Local First Scholarship and the Energy First Scholarship – in partnership with Utah State University Eastern to help train local workers, keep skilled talent in the area, and prepare students for future jobs in the growing energy sector.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

July 17, 2025
Indian solar manufacturers are among the targets of a new petition filed by US producers alleging illegal trade practices by overseas firms.
July 17, 2025
The California Senate Energy, Utilities and Communications Committee has amended Assembly Bill 942 (AB 942) and removed a net metering amendment that would have affected residential solar owners’ rates when acquiring a home or property.
July 17, 2025
Corporate funding in the solar sector fell by 39% in the first half of 2025 compared with the same period last year.
July 17, 2025
Swedish solar developer OX2 has submitted plans for a 150MW solar-plus-storage project in Queensland to Australia’s EPBC Act.
July 17, 2025
Pilecom, a mechanical installer of utility-scale solar projects, has officially started work on European Energy’s 106MW Lancaster solar PV power plant in Victoria, Australia.
July 16, 2025
US IPP Geronimo Power has started construction at its 250MW Portage Solar project in its home state of Wisconsin.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK