Global renewable energy platform Matrix Renewables said on Thursday that it has acquired a controlling stake in the 200-MW/261-MWp Pleasant Valley Solar project in the US state of Idaho, securing interest in a fully contracted scheme.
It said it had bought the stake from US renewables developer rPlus Energies, without disclosing its size or the value.
Pleasant Valley Solar comes with a power purchase agreement (PPA) in place with utility company Idaho Power, which negotiated a separate special energy services contract with social media giant Meta Platforms Inc (NASDAQ:META) for the delivery of electricity.
The output from the solar farm will injected into the same grid that Meta can tap into to power its new data centre in the Idaho city of Kuna.
Construction of the Pleasant Valley Solar plant will commence in the third quarter of 2023, Matrix said.
Cindy Tindell, Managing Director and Head of US for Matrix Renewables, said the firm expects to finalise project financing over the coming months.
Matrix owns 6,000 GW of projects in operation and in various stages of development across service areas of four US system operators – CAISO, MISO, ERCOT and WECC, the company added.
