rPlus Energies takes a monumental leap in renewable energy with the expansion of its Green River Energy Center project.
Solar and Storage Gigantism
Situated in the heart of Salt Lake City, rPlus Energies, a prominent renewable energy developer, has made an emphatic statement by expanding its Green River Energy Center project. This significant move increases the facility’s battery storage capacity from a substantial 400 MWh to an impressive 1,600 MWh. This enhancement not only catapults the project into the echelons of top-tier solar-plus-storage initiatives in the US but also amplifies its influence on the future energy landscape.
Financial Infusion and Construction Roadmap
Exceeding the one billion dollar mark in capital investment, this project is on the trajectory to cut the ribbon on construction in the second quarter of 2024. With plans to make the project appealing for tax and debt financing within the current fiscal year, rPlus Energies is steering the Green River Energy Center towards a new horizon of renewable energy dominance.
A Decade of Synergy and Vision
rPlus Energies President and CEO, Luigi Resta, celebrates the culmination of a ten-year alliance with PacifiCorp, marking the Green River Energy Center as their third joint venture. This collaborative effort underscores PacifiCorp’s commitment to an innovative and diversified energy portfolio, all while contributing to the storied energy legacy of Emery County.
Utah’s Renewable Milestone and National Standing
The Green River Energy Center emerges as Utah’s largest intended solar-plus-storage site. It also competes on a national level, dwarfing any operational solar-plus-storage projects and claiming the title of the seventh largest project of its kind in the pre-construction phase across the United States. This establishment is set to play a pivotal role within the vast network controlled by PacifiCorp, the leading grid operator in the western part of the country.
Economic Ripple Effects
The development phase of the Green River Energy Center is anticipated to create about 500 construction jobs. Upon completion, this juggernaut of renewable energy will not only enhance Emery County’s fiscal resources but also create sustainable energy-related employment opportunities. Sundt Construction has been appointed to oversee the engineering, procurement, and construction services, promising a synergy of experience and innovation.
Investment to Propel Future Growth
The trajectory of rPlus Energies has recently been fueled by a strategic infusion of up to $460 million from Sandbrook Capital. This significant investment affirms Sandbrook Capital’s mission of reshaping the energy infrastructure globally. With this financial backing, rPlus is poised to transition into a new phase, taking on ownership and operational roles in their projects, including the groundbreaking Green River Energy Center.
