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Mar 17, 2026 8:01 AM

rPlus Energies Secures Financing Commitments for 400-Megawatt Blacks Creek Energy Center

SALT LAKE CITY, March 17, 2026 (GLOBE NEWSWIRE) -- rPlus Energies announced today that it has secured over $650 million in debt facilities, along with tax equity financing commitments, for Blacks Creek Energy Center, a 400‑megawatt (MW) ac / 520 MWdc solar facility located in Ada County, Idaho.

The financing package includes a debt financing facility, led by Santander Corporate & Investment Banking and KeyBanc Capital Markets, Inc., to support project construction. Upon reaching commercial operation, the project is expected to transition to a long‑term term loan facility.

In addition, the project is supported by a tax equity financing commitment from Santander, reflecting continued confidence in the project's long‑term fundamentals and rPlus Energies' development and execution capabilities.

Blacks Creek Energy Center will deliver solar electricity to Idaho Power's grid and support Meta's public commitments related to its Kuna, Idaho data center's energy use while also serving additional Idaho Power load needs.

"This project represents another major milestone for rPlus as we continue to ...

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