Project Finance Brief: Swift Current Energy Secures Financing for 800 MW Solar Project

EBRD and Raiffeisen Bank provide $122 million loan for solar projects

August 28, 2024

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Swift Current Energy, a utility-scale solar, wind, and energy storage project developer, secured tax equity investment from Google to develop an 800 MWdc (593 MWac) Double Black Diamond solar project in southern Illinois. The project is currently under construction and is expected to reach commercial operations by early 2025. Once operational, the project is expected to be the largest solar project east of the Mississippi River. The tax equity financing utilizes energy communities and domestic content adders, provided in the Inflation Reduction Act.

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