Swift Current Closes Financing on Record US Solar Project

• Swift Current Energy completes financing on 800-MW Double Black Diamond Solar project to generate power to serve over 100,000 homes in the MISO area. Constellation to buy portion of power and RECs produced. McCarthy Building Companies Inc to serve as EPC contractor.

Swift Current Energy has completed financing on the 800-MW DC/593-MW AC Double Black Diamond Solar project, located near Springfield in Illinois. It is the second largest single phase solar project in the US and the largest in the MISO area, and is able to generate power equivalent to the needs of more than 100,000 homes per year. The project financing includes USD 695 million (EUR 635m) in construction and tax equity bridge loans and an USD-84-million letter of credit facility. Constellation will buy a portion of the power and RECs generated by the project to serve seven customers. McCarthy Building Companies Inc will serve as the engineering, procurement and construction (EPC) contractor for the project.

What Financing Has Swift Current Energy Secured for Its 800-MW Solar Project?

• The project is located near Springfield, Illinois and is the second largest single phase solar project in the US and the largest in the MISO area.
• The project financing includes USD 695 million (EUR 635m) in construction and tax equity bridge loans and an USD-84-million letter of credit facility.
• Constellation will buy a portion of the power and Renewable Energy Certificates (RECs) generated by the project to serve seven customers.
• McCarthy Building Companies Inc will serve as the engineering, procurement and construction (EPC) contractor for the project.
• The project is expected to be operational in 2022 and will generate enough energy to power more than 100,000 homes per year.