Matrix Buys 200MWac Solar Plant in Idaho
- Matrix Renewables, a TPG-Rise backed company, acquires controlling interest in 200MWac/261MWdc solar project in Idaho. Output to power Meta's data center and will contribute to its goal of 100% renewable operations. Construction expected to begin Q3 2023.
Matrix Renewables, a TPG-Rise backed company, has acquired a controlling interest in the Pleasant Valley Solar Project from rPlus Energies. Located in Idaho, the 200MWac/261MWdc solar project will deliver energy to the Idaho Power system and contribute to the social media giant Meta's goal to support 100% of its operations with renewable energy. Output from the project will go into the same grid that supports Meta's new data center in Kuna, Idaho.
The Pleasant Valley Solar project was awarded a PPA through a negotiated process with Meta and Idaho Power, made possible through the collaborative efforts between Meta and Idaho Power to develop a special Energy Services Agreement. Construction of the project is expected to begin in Q3 2023, and Matrix Renewables managing director Cindy Tindell has stated that the company is "very pleased with the acquisition" and "looks forward to begin construction and finalise project financing over the coming months".
What Benefits Will the Pleasant Valley Solar Project Bring?
Benefits of the Pleasant Valley Solar Project:
- Will contribute to Meta's goal to support 100% of its operations with renewable energy
- Will provide clean energy to the Idaho Power system
- Will help reduce carbon emissions
- Will create economic opportunities for the local area
- Will create new jobs in construction and manufacturing industries
- Will provide a boost to the local economy via tax revenue and local spending
