Latham & Watkins Advises rPlus Energies on US$650 Million Project Financing for Blacks Creek Energy Center

rPlus Energies announced that it has secured over US$650 million in debt facilities, along with tax equity financing commitments, for Blacks Creek Energy Center, a 400-megawatt (MW) ac / 520 MWdc solar facility located in Ada County, Idaho. The financing package includes a debt financing facility led by Santander Corporate & Investment Banking and KeyBanc Capital Markets, Inc. to support project construction. Upon reaching commercial operation, the project is expected to transition to a long‑term term loan facility. In addition, the project is supported by a tax equity financing commitment from Santander, reflecting continued confidence in the project’s long‑term fundamentals and rPlus Energies’ development and execution capabilities.

Latham & Watkins LLP represented rPlus Energies in the debt and tax equity financing with a Project Development & Finance team led by Los Angeles partner Daniel Sinaiko and New York partner Kelly Cataldo. Project development and finance advice was provided by New York counsel Jiyeon Chun, with associates Ladan Mohaddes, Sungjoo Ahn, Nick Eberhart, and Jewel Drigo, with assistance from Grigorios Pappas. Tax advice was provided by New York partners Eli Katz and Eric Kamerman. Advice was also provided on real estate and project development matters by San Diego partner Steven Levine, with associate Daniel Eyal; and on hedging matters by New York partner Carlos Alvarez, with associate Jim Lambert.