MATRIX RENEWABLES AND RPLUS ENERGIES CELEBRATE THE COMMISSIONING OF PLEASANT VALLEY SOLAR 1

MIAMI, April 15, 2025 /PRNewswire/ -- Matrix Renewables, a global renewable energy platform backed by TPG Rise and majority owner, and rPlus Energies, development partner and minority owner, are pleased to announce the successful commissioning of Pleasant Valley Solar 1. This landmark solar power generation facility in Ada County, Idaho, has a capacity of approximately 200 MWac / 261 MWdc, making it the largest operational solar facility in Idaho Power's system.

Pleasant Valley Solar 1 includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. This agreement was facilitated by their collaborative efforts to create a unique Energy Services Agreement.

"We are thrilled to celebrate the commissioning of the Pleasant Valley Solar Project," said Cindy Tindell, Managing Director and Head of U.S. for Matrix Renewables. "This achievement underscores our commitment to expanding renewable energy infrastructure and contributing to local communities. We are grateful for the collaborative efforts of our partners, offtakers, financiers, and the supporting community who made this project possible."

Luigi Resta, President & CEO of rPlus Energies, added, "We are proud to see Pleasant Valley Solar come to life. We started developing this project in 2021 and it's especially meaningful for us as Ada County is home to one of our two offices, allowing us to connect with the local community in a deeper way. We look forward to continuing our partnership with Idaho Power and Meta and further contributing to their energy future."

Sundt Renewables, the chosen Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd. Throughout the construction phase, approximately 220 workers contributed to the substantial effort.

Matrix Renewables and rPlus Energies remain committed to fostering strong relationships with the Ada County community and continuing to support the local economy through the lifespan of the project. Learn more about Matrix's commitment to the Ada County community.

About Matrix Renewables

Matrix Renewables is a renewable energy platform created and backed by global alternative asset manager TPG and its $27 billion impact-investing platform. Matrix Renewables' current portfolio is comprised of 15.7 GW of solar, storage and green hydrogen projects in Europe, United States, and Latin America. For more information, visit www.matrixrenewables.com or send an email to media@matrixrenewables.com

CONTACT: Inmaculada Bejarano: ibejarano@webershandwick.com, Juan Fernández: jfernandez@webershandwick.com, Kirsty Whatmough: kwhatmough@webershandwick.com, +34917458657

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SOURCE Matrix Renewables