The new Blacks Creek funding extends a larger capital-raising run that has turned Salt Lake City-headquartered rPlus into one of the most consequential renewable energy developers in the West.
19 March 2026 — Salt Lake City-based rPlus Energies has secured more than $650 million in new debt facilities, along with tax equity backing, for its Blacks Creek Energy Center, a 400-megawatt alternating-current / 520-megawatt direct-current solar project in Ada County, Idaho.
The debt package was led by Santander Corporate & Investment Banking and KeyBanc Capital Markets, while Santander also provided a tax equity financing commitment for the project…