Matrix Acquires Big Stake in 200-MW Idaho Solar

• Matrix Renewables acquires controlling stake in 200 MW/261 MWp Pleasant Valley Solar project in Idaho. Construction to begin in 2023 with a PPA in place with Idaho Power for electricity to Meta Platforms Inc. Adding to their 6,000 GW portfolio, Matrix Renewables contributes to a sustainable energy future.

Matrix Renewables has acquired a controlling stake in the 200-MW/261-MWp Pleasant Valley Solar project in Idaho, USA. The project comes with a power purchase agreement (PPA) in place with utility company Idaho Power, supplying electricity to Meta Platforms Inc. Construction of the Pleasant Valley Solar plant is set to commence in the third quarter of 2023 and Matrix Renewables expects to finalise project financing over the coming months. Matrix Renewables currently owns 6,000 GW of projects in operation and in various stages of development across service areas in four US system operators. This latest investment will add to their growing renewable energy portfolio, contributing to a more sustainable and efficient energy future.

What Benefits Does Matrix Renewables' Acquisition of Pleasant Valley Solar Project Bring?

• Matrix Renewables will control the 200-MW/261-MWp Pleasant Valley Solar project, which will be constructed in the third quarter of 2023.
• Matrix Renewables already owns 6,000 GW of projects across four US system operators, and this new investment adds to their renewable energy portfolio.
• The Pleasant Valley Solar project comes with a power purchase agreement (PPA) in place with utility company Idaho Power, supplying electricity to Meta Platforms Inc.
• The acquisition of Pleasant Valley Solar will help Matrix Renewables to continue to provide clean energy to the community and contribute to a more sustainable and efficient energy future.
• The project is expected to create jobs in the local area during construction, and help to drive economic growth.
• Matrix Renewables will work with Idaho Power to ensure the project meets its environmental and sustainability objectives.