TPG-Rise backed Matrix Renewables has acquired a controlling interest in the Pleasant Valley Solar Project from rPlus Energies.
The Pleasant Valley Solar Project is a 200MWac/261MWdc solar project located in Idaho which will deliver energy to the Idaho Power system and contribute to Meta’s goal to support 100% of its operations with renewable energy.
Output from the development will go into the same grid that supports Meta’s new data centre in Kuna, Idaho.
The Pleasant Valley Solar project was awarded a PPA through a negotiated process with Meta and Idaho Power.
This PPA was made possible through the collaborative efforts between Meta and Idaho Power to develop a special Energy Services Agreement that will allow Meta access to renewables to support its local operations.
The project will begin construction in third quarter 2023.
Matrix Renewables managing director and head of US Cindy Tindell said: “We are very pleased with the acquisition of the Pleasant Valley Solar Project and look forward to beginning construction and finalising project financing over the coming months.
“We highly value rPlus as a partner, including the deep connection with the community that it brings to the table. Matrix is excited to be part of this landmark project in Idaho.”