Greenbacker Capital Management (GCM), a renewable energy asset manager, has partnered, through an affiliated investment vehicle, on a to-be-constructed 200 megawatts AC/240 megawatts DC solar plant in Iron County, Utah, with rPlus Energies, a utility-scale renewable energy developer.
The Appaloosa Solar 1 project is now the second largest renewable energy project of Greenbacker, in terms of clean power–generation capacity.
Appaloosa has a long-term power-purchase agreement in place with utility PacifiCorp on behalf of Meta. The contract was developed under Rocky Mountain Power’s Schedule 34 green energy tariff, which allows large customers to purchase renewable energy generated on their behalf.
“Building durable partnerships is critical to building the future of energy,” said Ben Tillar, vice present of investments at Greenbacker. “We’re excited to continue collaborating with these industry experts on utility-scale solar plants like Appaloosa, which