rPlus Energies is a renewable energy developer that reports a 15 GW pipeline of projects. The company is advancing both wind and energy storage, and Sandbrook Capital’s commitment is expected to help bring about 1 GW of storage online in the near term. Sandbrook’s platform-level partnership, alongside continued support from rPlus’s founding investor Gardner Group, is intended to facilitate development across the pipeline. CEO Luigi Resta described the partnership as aligned on an execution-oriented and community-minded approach and said it will support a strategic transition to own-and-operate for the long term. The announcement states an initial Sandbrook commitment of up to $460 million but does not specify financing instruments beyond that commitment. Lazard Frères & Co served as financial advisor to rPlus; Foley & Lardner served as transaction counsel to rPlus, Kirkland & Ellis to Sandbrook, and Parr Brown Gee & Loveless to Gardner Group.

Total raised

$460M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2024