February 23, 2024

CRC-IB Advises Matrix Renewables on Tax Credit Transfer and Debt Financing for 260MWdc Solar Project

Matrix Renewables, the TPG Rise-backed global renewable energy platform, has successfully executed the PTC tax credit transfer and closed debt financing for Project Pleasant Valley — a 260MWdc utility-scale solar project currently under construction in Ada County, Idaho, with a 2025 target commercial operation date.

CRC-IB is pleased to have acted as exclusive financial advisor to Matrix Renewables on both transactions in support of their ongoing strategic growth across the U.S.

“Matrix has been very successful in acquiring and expanding a diverse U.S. development pipeline,” said Michael Tatarsky, CRC-IB Managing Director and deal lead. “The efficient execution of these assets, utilizing novel and sophisticated structures, underscores the team’s skill in maximizing enterprise value across its portfolio.”

For more information on this transaction, please contact Michael Tatarsky.

For the full press release, please click here.

About Matrix Renewables
Matrix Renewables is a renewable energy platform created and backed by global alternative asset manager TPG and its $19 billion impact investing platform TPG Rise. Matrix Renewables´ current portfolio is comprised of 14 GW in renewable energy storage, and green hydrogen projects in Europe, North America, and Latin America. For more information, visit www.matrixrenewables.com.