Schedule a Call Back
Swift Current Energy: $779M for 800 MW solar project
2023-08-11
Swift Current Energy, a major U.S. renewable developer, secures $779M financing for the pioneering Double Black Diamond Solar project. This ambitious initiative boasts an 800 MWdc capacity, making it a leading single-phase solar venture in the country.
The funding includes $695M in construction and tax equity bridge loans, plus an $84M letter of credit facility, marking a significant milestone in the renewable sector. Expected to reduce carbon emissions by a million tons yearly and power over 100,000 households, the project near Springfield, Illinois, is set for completion and energization in 2024.
MUFG, Societe Generale, and Truist lead the financing, with support from Constellation, set to acquire energy and RECs. Notable beneficiaries like Chicago O'Hare and Midway airports, Cook County-Illinois, CVS Health, Loyola University of Chicago, and more have agreements for sustainable energy supply.
Swift Current Energy's achievements, including the Tres Bahias Solar project and First Solar partnership, highlight their dedication to large-scale renewable solutions.
Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
When the World Shakes, Build Anyway
"The mantra is simple, and it has never changed: keep the construction going — for the day the market turns, only what is built can be sold....
Sanjay Saxena Passes Away, Leaving Behind a Powerful Industry Legacy
The construction equipment industry mourns the untimely demise of Sanjay Saxena, Chief Operating Officer (Sales, Marketing & Customer Support) at...
