Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Renewable Solar

Utility-Scale Solar Project Using PTC Now Online

editor by editor
February 16, 2024
in Solar
Reading Time: 3 mins read
0
Utility-Scale Solar
Share on FacebookShare on TwitterShare on Linkedin

Greenbacker Capital Management (GCM) announced today that its 240-MWDC/200-MWAC Appaloosa Solar 1 project has entered commercial operation in Iron County, Utah.

While the project represents a milestone for GCM and minority owner rPlus Energies, it’s also a landmark for the clean energy industry. The financing for Appaloosa marked one of the first tax equity transactions to utilize the solar production tax credit (PTC) newly expanded by the Inflation Reduction Act. While Greenbacker has successfully executed tax equity investments and employed the federal investment tax credit (ITC) for years, this is its first financing utilizing the new solar PTC.

RELATED POSTS

Meta Signs EAPAs with Adapture Renewables for 360 MW Solar Project in Texas

JSW Energy Inks PPA with NHPC for 300 MW Solar-Wind Hybrid Project

“Bringing Appaloosa online is a milestone both for GCM as a business and for the energy transition as a whole, representing a new way to build the future of sustainable power,” said Ben Tillar, Principal at Greenbacker. “It was accomplished through the dedication of our ongoing project partners and the support of the Iron County community, to whom we are grateful for hosting this project.”

Many of the partnerships involved with Appaloosa began on the nearby 104-MW Graphite Solar project, which was developed, built and commissioned by rPlus, with Sundt Construction as the EPC. Like Graphite, Appaloosa has a long-term power purchase agreement in place with utility PacifiCorp that supports Meta’s regional operations under Rocky Mountain Power’s Schedule 34 green energy tariff, which allows large customers to directly support the incremental addition of renewable energy capacity to support the customer’s energy needs.

The project began delivering solar energy on January 24, 2024, helping contribute to Meta’s 100% renewable energy and net-zero goals.

“Having collaborated on Graphite Solar, we entered this project with the confidence that our partners foster an environment of efficiency, execution, excellence, and trust,” said Luigi Resta, rPlus President & CEO. “We are incredibly proud to reach this milestone as we contribute another significant project to Utah’s diverse energy landscape.”

The project also invests in the local community and economy via the Local First – Appaloosa Solar 1 Scholarship. Greenbacker, rPlus, Gardner Group and Sundt sponsor the $120,000 scholarship program, under which awards are made to Southern Utah University students who plan to remain local while pursuing their career goals after graduation or certificate completion. Additionally, project construction relied on many local vendors, delivering revenue to the area and supporting approximately 250 construction-related green energy jobs.

Tags: GCMITClong-term powerRenewable EnergysolarSolar Energy
ShareTweetShare
editor

editor

Related Posts

Meta

Meta Signs EAPAs with Adapture Renewables for 360 MW Solar Project in Texas

by Palak
June 27, 2025
0

Adapture Renewables has executed two environmental attributes purchase agreements (EAPAs) with Meta. The agreements total 360 MW across two solar...

JSW Energy

JSW Energy Inks PPA with NHPC for 300 MW Solar-Wind Hybrid Project

by Palak
June 27, 2025
0

JSW Energy Limited, through it’s subsidiary Energizent Power Private Limited has signed a power purchase agreement (PPA) with NHPC Limited...

Solar Pumps

Solar Pumps Surge Ahead: Fueling the Future of Sustainable Water Solutions

by Palak
June 25, 2025
0

As the world embraces clean and renewable energy sources, solar-powered technologies are stepping into the spotlight like never before. Among...

KPI Green Energy

KPI Green Energy Secures 36.87 MW Captive Solar Projects

by Palak
June 21, 2025
0

KPI Green Energy Limited’s wholly owned subsidiary Sun Drops Energia has secured new orders for 36.87 MW of captive solar...

Juniper Green Energy

Juniper Green Energy Commissions 59 MWp Solar Project in Wardha, Maharashtra

by Palak
June 21, 2025
0

Juniper Green Energy has commissioned the 59 MWp/42 MW solar component of its 75 MW hybrid power project in Karanja...

Next Post
Honeywell Power

Honeywell to Power World's First Commercial-Scale Liquid Organic Hydrogen Carrier Project

solar panels

SolarCycle to Manufacture Solar Glass from Recycled Panels in New US Plant

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

THDC

THDC Inks Deals for 184.08 MW Green Power Supply from Tehri PSP

June 28, 2025
World Bank

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

June 28, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

THDC Inks Deals for 184.08 MW Green Power Supply from Tehri PSP

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

Toyota Kirloskar Motor Partners with Ohmium to Advance Green Hydrogen Solutions in India

NSE Waives Transaction Charges on Electricity Futures Until December 2025

COMAU Unveils Innovative N-WG Welding Gun at Automatica 2025

An Exclusive Interview with Rachna Kango | Delta Electronics India Private Limited

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved