Matrix Parties Shine with Idaho's Largest Solar Facility
Deal News | Apr 15, 2025 | Sandbrook Capital
Matrix Renewables and rPlus Energies have announced the commissioning of Pleasant Valley Solar 1, a significant renewable energy project located in Ada County, Idaho. Backed by Sandbrook Capital, TPG Rise, and supported by a Power Purchase Agreement with Meta and Idaho Power, Pleasant Valley Solar 1 is now the largest operational solar facility in Idaho Power's portfolio, capable of delivering approximately 200 MWac / 261 MWdc. Executed by Sundt Renewables as the EPC services provider, the project utilized around 220 local workers during construction. The initiative highlights collaborative efforts in expanding renewable energy infrastructure and reinforcing community ties within Ada County.
Sectors
- Renewable Energy
- Energy Infrastructure
Geography
- United States – The project is located in Ada County, Idaho, a part of the United States, and involves companies and agreements within the US.
Industry
- Renewable Energy – The article is centered around solar energy generation, with the commissioning of a significant solar facility.
- Energy Infrastructure – The construction and commissioning of the Pleasant Valley Solar 1 pertain to energy infrastructure developments.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Matrix Renewables | Majority Owner | Company | A global renewable energy platform that is leading the project. |
| rPlus Energies | Minority Owner | Company | The development partner for the solar project, contributing to its realization. |
| TPG Rise | Backer | Company | An investment firm providing backing to Matrix Renewables. |
| Meta | Offtaker | Company | Part of the Power Purchase Agreement for the solar facility. |
| Idaho Power | Offtaker | Company | Collaborated on the Energy Services Agreement with Meta. |
| Sundt Renewables | EPC Services Provider | Company | Responsible for the engineering, procurement, and construction of the project. |
| Sandbrook Capital | PE Firm | Company | The private equity firm involved with the backing of Matrix Renewables in this project. |