Let’s talk about the kind of deal that doesn’t just move markets, it moves megawatts.
rPlus Energies just secured a $500 million+ tax equity commitment led by RBC Community Investments, with FJ Management riding shotgun, to bring its Green River Energy Center to life. We’re talking 400 MW AC of solar paired with 400 MW AC/1.6 GWh of Tesla battery storage. This isn’t your cousin’s solar panel on the garage, this is industrial-grade, utility-scale, Intermountain West power, pumped into the grid with surgical precision and steel-backed financing.
If you’re still measuring deals in hype cycles, you’re missing the real wattage. This tax equity stack hits just months after rPlus closed $1.1 billion in construction debt, courtesy of Crédit Agricole CIB, MUFG, Truist, KeyBanc, and Wells Fargo. When this project powers up in 2026, Green River won’t just be another dot on the energy map, it’ll be a statement piece for clean energy in the U.S.
President and CEO Luigi Resta, a man who’s been building utility-scale solar before LinkedIn figured out how to trend hashtags, founded rPlus Energies in 2018 with backing from The Gardner Group. And thanks to a $460 million equity commitment from Sandbrook Capital, Resta and crew aren’t playing small ball, they’re pushing a 15 GW development pipeline like it’s a contact sport.
And this is what execution looks like, 1.4 GW of assets in operation, including Appaloosa Solar I (200 MW) and Graphite Solar (104 MW). A 125 MW build in Idaho (Pleasant Valley Solar 2) is on deck. Meanwhile, the company’s rPlus Hydro division is flexing with a 9 GW pumped storage pipeline. That’s not vertical integration, that’s vertical domination.
You want real impact? Green River Energy Center brings 500+ construction jobs and $55 million in local economic lift to Emery County. Scholarships? Try $690K+ committed across project communities, including $375K at Utah State University Eastern. rPlus isn’t just lighting up grids, it’s lighting up futures.
Props to Resta, CFO Natalie Jackson (fresh off $8 billion in raises at Clearway), COO Cliff Smith, and Chief of Staff Theresa Foxley, formerly the CEO of EDCUtah, because real teams ship real infrastructure. Christian Gardner, Chairman and CEO of The Gardner Group, remains a strategic force behind the curtain. Sandbrook’s John Spilman isn’t just on the board, he’s in the narrative.
In a world bloated with SaaS decks and seed-stage pitches for things that barely load, rPlus Energies is proving that infrastructure, execution, and long-term community value are still the sexiest line items in the book.
