rPlus Energies

Name a more perfect side hustle for our President & CEO, Luigi Resta. We'll wait. #SolarSanta *The 350 students Santa took photos with are not pictured

Big day. BIIIIG year.   We’re excited to announce $304M in new financing, including: $179M construction debt facility for Pleasant Valley Solar 2 led by CIBC, Crédit Agricole CIB, and KeyBanc Capital Markets, delivering power to Idaho Power’s grid and advancing Meta's commitment to support its nearby Kuna data center with 100% clean energy. $125M Corporate Letter of Credit Facility with Deutsche Bank to fuel our nationwide growth.   In 2024, we’ve raised nearly $2 billion across multiple initiatives, advancing over 1.2 GW under construction and 15 GW in development.   As our President & CEO Luigi Resta says: “Each step forward allows us to add more megawatts to the grid, create opportunities in local communities, and contribute to a more secure energy future for the nation.”   Read the press release here: https://lnkd.in/gp4Ahu2y

Solar energy is secure, American made energy. ☀️   Totaling some 34 GW, utility scale solar installations in the U.S. reached a new record high in 2024 – and rPlus is proud to have played its part in that growth.    As highlighted in a recent DatacenterDynamics article, partnerships between solar developers and major tech companies, like our long-term PPA with Meta on our Pleasant Valley Solar 2 project, are key to building the next great chapter of the American energy legacy.   Read more here: hhttps://lnkd.in/gcutKx_Y   #CleanEnergy #Solar #Sustainability #RenewableEnergy

rPlus Energies and 11 project partners are excited to team up with Utah State University Eastern to provide $375,000 for two scholarships — the Local First Scholarship and the Energy First Scholarship — supporting students from Emery and Carbon counties, home to our 800 MW solar-plus-storage project, Green River Energy Center. The Local First Scholarship supports students who wish to stay and contribute to their local communities, while the Energy First Scholarship ensures a skilled workforce for the growing energy sector, with programs like Welding, Wildlife Ecology, and Heavy Machinery Operation. “Each time we start construction on a project, we create a scholarship to invest in local talent. Initially, this was just the Local First Scholarship, designed to help students stay and contribute to their communities, whatever their chosen field. But as the energy sector grows, so has the need for the Energy First Scholarship, which encourages studies in fields essential to energy development,” said Luigi Resta, President and CEO of rPlus Energies. “For a places like Emery County and Carbon County, where energy production is part of the heritage, it’s a perfect match.” This initiative wouldn’t be possible without the dedication of our partners: Kem Gardner, Sundt Construction, Nextracker Inc., EliTe Solar, Crédit Agricole CIB, TSJ Construction, LLC, BHI, CO, BODEC, Inc., CIBC, and Truist Securities. Yeah... our Green River Energy Center team is pretty killer. 💪 Read more here: https://lnkd.in/gcd8zn9f

We're growing our team! New Opportunity: Project Accountant rPlus Energies delivers utility-scale solar, wind, and storage projects across the western US. We are looking to build our team here in Salt Lake City, Utah. As a Project Accountant, you'll support our construction teams with accounting, reporting, and cost analysis while working closely with the Controller to ensure project profitability. This is a highly visible position with a requirement to work within all areas of the project parameters. Requirements: 5+ years project accounting experience Bachelor's degree in accounting, business, or engineering Knowledge of GAAP accounting principles Experience with project contracts and change orders Full benefits package including medical/dental, HSA match, annual bonus program & more! Apply here: https://lnkd.in/gW_ePBWM

rPlus is pleased to help support Idaho's clean energy progress through a new long-term power purchase agreement with Idaho Power for the 125-megawatt (MW) Pleasant Valley Solar 2 facility in Ada County, ID! The project will support Meta's nearby data center in Kuna, ID. “We’re excited to expand our work with Idaho Power and rPlus Energies to add new renewable energy to the Idaho grid with Pleasant Valley Solar 2,” said Urvi Parekh, Global Head of Clean and Renewable Energy at Meta. “We’re excited to be able to work with Meta and rPlus Energies through our Clean Energy Your Way program to help them reach their goals while furthering our mission of providing reliable, affordable, and increasingly clean energy to our customers," said Adam Richins, Idaho Power Senior Vice President and COO. Read full announcement here: https://lnkd.in/gjZtcH3E

It may have snowed in Salt Lake City today, but we are still reminiscing about our summer retreat... This year, we hosted our annual 3-day retreat at Sundance Mountain Resort with our fantastic partners, Sandbrook Capital and Gardner Group. Over 100 attendees came together for an unforgettable event filled with meaningful connections and lasting memories. What a team!

The renewable energy sector presents both opportunities and hurdles, with evolving incentives and regulations shaping its growth. With over 30 years of experience, legal legend John Spilman is at the forefront of navigating this landscape while mentoring the next generation of leaders to drive the industry forward. Read more here: https://lnkd.in/gJ9yMcVD

Cheers to an incredible day celebrating the Green River Energy Center alongside our key partners! Situated in the heart of Utah, this project is set to deliver affordable, reliable energy, and a boost to the region's economy. ⚡

At RE+, Luigi shared the story of how he came to develop Utah's first utility scale solar project with Paul Gerke of Renewable Energy World. To no one’s surprise, if you know Luigi, the story includes pasta. 🍝 Read the full story here: https://lnkd.in/gkYaiHvj