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    rPlus Energies Announces 152 MW Wind Project Has Been Acquired by Clearway Energy Group


    November 21, 2022 - Gulf Oil & Gas

     

      In late 2021, rPlus Energies sold its interest in the approximately 152 MW "Cedar Creek Wind" project to Clearway Energy Group ("Clearway"). This announcement follows Clearway's recent statement that it has signed a long-term power purchase agreement (PPA) between Cedar Creek Wind and PacifiCorp. The signing of the PPA marks a major step forward for the project, which was originally developed by rPlus Energies, and is now slated to be completed in 2024.

      rPlus Energies acquired development rights from the originators of Cedar Creek Wind in early 2019. The project is located in Bingham County, Idaho outside of Idaho Falls, an area familiar to wind development. Between Cedar Creek's original concept and 2019, wind turbine technology had advanced significantly, enabling the greater extraction of energy and overall viability of the project. rPlus saw the opportunity to reinvigorate development efforts, and over the course of 18 months, essentially re-developed Cedar Creek Wind including new land agreements, environmental studies, permits, interconnection and modernized design.

      With a revamped project, rPlus submitted a bid into PacifiCorp's 2020 All-Source Request for Proposals (RFP) which was subsequently shortlisted and awarded through a competitive process. Then, in late 2021, rPlus sold Cedar Creek Wind to Clearway, who finalized the development, engineering, and equipment procurement and executed the PPA with PacifiCorp.

      Clearway began construction in September 2022, and the project is expected to create more than 175 jobs during construction and represents a $250 million investment in Idaho's economy.

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