rPlus Energies Secures $450M Credit Facility for Growth
News related to:rPlus Energies · 1 min read
SALT LAKE CITY, Nov. 03, 2026 /CourierPR/ -- rPlus Energies, a leading team of energy industry professionals dedicated to developing, owning, and operating large-scale renewable energy generation and storage projects in the United States, today announced the successful closing of a significant financial milestone. The company has secured a revolving credit facility of up to $450 million, a move that will be instrumental in supporting the continued development and construction of its near-term pipeline of solar and energy storage projects across the American West.
The facility, which is supported by cash flows from nearly 1 gigawatt (GW) of operating assets, including the Green River Energy Center and Pleasant Valley Solar 2, which reached commercial operation and completed term financing earlier this year, provides both funded borrowing capacity and letters of credit. The facility is underwritten by Canadian Imperial Bank of Commerce, New York Branch, who served as the Lead Left Arranger and Administrative Agent for the three-year facility, which was syndicated to a group of leading financial institutions, including National Bank of Canada, Truist Bank, KeyBank, Wells Fargo, MUFG, and Zions Capital Markets.
The legal counsel for rPlus Energies was provided by Kirkland & Ellis, while Milbank served as legal counsel to the lenders. The company, headquartered in Salt Lake City, Utah, is backed by Sandbrook Capital and Gardner Group.
rPlus Energies' portfolio consists of a strategic mix of solar, battery, wind, and pumped storage hydro facilities. To date, the company has raised over $1 million to support local scholarships in the project communities.
With this financial support, rPlus Energies is now better equipped to advance its ambitious plans for renewable energy projects, ensuring a sustainable future for the American West. The company's expertise in bringing projects to market through partnerships with the private sector, municipalities, utilities, and industry-leading technology, service, and finance providers continues to be a cornerstone of its success.