Project is one of the largest utility-scale solar investments in the United States
Excelsior Energy Capital, a leading independent North American clean energy investor, today announced that the 685.3 MWDC / 525 MWAC Faraday Solar project has reached operational readiness and commenced commercial operations on September 30, 2025.
Located in Utah County, Utah, Faraday Solar represents one of the largest utility-scale solar investments in the United States. The project is backed by a 20-year power purchase agreement (PPA) with PacifiCorp under Rocky Mountain Power’s Schedule 34 green energy tariff, which allows large customers to directly support the incremental addition of clean and renewable energy projects to support the customer’s clean energy goals. Accordingly, Meta is purchasing the energy and all of the environmental attributes associated with the solar facility to match the company’s operations in Utah with clean energy.
The long-term PPA provides financial stability for the project and helps ensure PacifiCorp can reliably supply Meta’s energy needs. Excelsior acquired Faraday Solar in 2023 from Parasol and Clenera, the initial developers of the project. Excelsior leveraged its deep industry relationships to secure and advance the asset through the financing and construction phases.
“Successful delivery of this landmark project reaffirms Excelsior’s commitment to enabling others to reach their clean energy goals and support a clean and reliable grid,” said Chris Frantz, Partner and Head of Portfolio Operations, Excelsior Energy Capital. “Solar energy continues to demonstrate its resilience and strategic importance, and projects such as Faraday Solar can not only deliver attractive returns but also enhance energy security and independence in a volatile global landscape.”
According to the International Energy Agency (IEA) and the World Economic Forum, solar photovoltaic (PV) remains the dominant driver of renewable capacity growth. Construction of Faraday Solar, with 1.2 million solar panels and a footprint roughly equivalent to New York’s Central Park, was completed in just under two years.
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