rPlus Energies, a private renewable-energy developer, has announced a platform-level partnership with Sandbrook Capital, a private investment firm dedicated to transforming the world’s energy infrastructure.
Through the partnership, Sandbrook will invest up to $460 million in the platform alongside continued support from Gardner Group, the founding investor in rPlus and a commercial real estate company in the Mountain West.
Sandbrook’s initial commitment enables rPlus Energies to bring 1-gigawatt of shovel-ready generation and storage online in the near-term, while advancing the balance of the pipeline through commercialization.
This transaction represents one of the first major renewable-energy platform announcements of 2024, and is Sandbrook’s first investment in the United States, following its capital raise of $2.1 billion for its inaugural climate infrastructure fund and associated co-investment vehicles.
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