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Matrix Renewables Announces Acquisition Of A Controlling Interest In 200 Mwac / 261 Mwdc Pleasant Valley Solar Project From Rplus Energies

Aug 03, 2023•over 2 years ago

Acquiring Company

Matrix Renewables

Acquired Company

200 MWac Pleasant Valley Solar Project

MadridRenewable EnergyEnergy

Description

Matrix Renewables, the TPG Rise-backed global renewable energy platform, today announced that it has acquired a controlling interest in the Pleasant Valley Solar Project from rPlus Energies. The Pleasant Valley Solar Project is a 200 MWac / 261 MWdc solar project located in Idaho which will deliver energy to the Idaho Power system and contribute to Meta's goal to support 100% of its operations with renewable energy. Specifically, output from the project will go into the same grid that supports Meta's new data center in Kuna, ID.

Company Information

Company

Matrix Renewables

Location

Madrid, Community Of Madrid, Spain

About

Matrix Renewables is a global renewable energy platform created and backed by global alternative asset manager TPG and its $19 billion impact investing platform TPG Rise Matrix Renewables’s current portfolio is comprised of 13.2 GW of operational, under construction, near ready–to–build, or under development renewables energy projects, storage and green hydrogen projects across Europe, US and Latin America. The company has assembled a top tier management team of industry veterans to lead Matrix Renewables, and is actively looking for additional strategic opportunities to grow Matrix Renewables’ global portfolio. Matrix Renewables, and its underlying renewable energy projects, benefits from TPG’s extensive investing and business building experience, global network, and deep infrastructure and renewable energy expertise.

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