Utility-scale solar-and-storage developer Balanced Rock Power hired RBC Capital Markets to raise capital, NPM has learned.

The Moab, Utah-based platform, as of late, has had a good run in selling grid-scale projects to the likes of GridStor, Standard Solar and many others.

BRP obtained an equity investment and debt facility from Israeli-based Supergas Energy in 2021, but its credit availability has started to run thin.

The deal entailed the acquisition of a 30% stake in the platform and an ongoing capital commitment to fund 11 photovoltaic projects in various stages of development, representing 3.5 GW of PV projects and 10.5 GW of storage projects, according to a note issued by Supergas Energy’s lawyer on the transaction Willkie Farr & Gallagher.

On its latest earnings report, Supergas’s publicly traded parent, Elco Group, reported that the balance under BRP’s shareholder loans to Supergas reduced to USD 16.5m as of October 2025 following the sale of multiple projects and additional payments subject to achieving project-related milestones.

Separately, Supergas also reduced the bank guarantee facility by USD 36.6m to BRP as of September 30, so that the remaining guarantee facility totaled USD 1.5m.

NPM Interconnection queue data is tracking 14 pre-operational projects being developed by BRP in Texas and California.

*This story was originally published exclusively for NPM subscribers.

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