Swift Current Energy, a renewable energy project developer, has closed a $750 million corporate credit facility that includes a $250 million accordion option that could increase its total capacity to up to $1 billion.

The company said the dual-tranche facility has a three-year term and provides cash and letter of credit capacity to support the development, commercialization, ownership, and operation of large-scale energy projects across the U.S.

Crédit Agricole Corporate and Investment Bank served as administrative agent and a coordinating lead arranger alongside ING Capital and Truist Securities. Crédit Agricole CIB and ING Capital also served as green loan structuring agents.

Key Bank National served as collateral agent and a joint lead arranger alongside Banco Bilbao Vizcaya Argentaria, MUFG Bank, Royal Bank of Canada, and Wells Fargo Bank, according to the company.

Michael Arndt, Chief Executive Officer at Swift Current, said, “The scale of this facility reflects both the strength of the portfolio Swift Current has built and the opportunity ahead of us. Electricity demand is growing rapidly across the United States and meeting that demand will require significant investment in new energy infrastructure. This financing gives our team additional flexibility to advance our platform, invest in high-quality projects, and bring new energy resources online quickly and efficiently.”

Sidley Austin served as legal counsel to Swift Current, while Norton Rose Fulbright represented the lenders.

Crédit Agricole CIB previously participated in project-level financing for Swift Current, including financing for the company’s 122 MW Three Rivers Solar project in Maine.

Founded in 2016, Swift Current has commercialized 5 GW of clean energy projects and owns and operates more than 1 GW, according to the company. It also has more than 10 GW of projects under development.

In 2026, the company also secured tax equity financing and $248 million in project financing for its 100 MW Three Rivers solar project in eastern Maine, located in Hancock County. The clean electricity produced from the project is fully contracted under a 20-year power purchase agreement.

Additionally, in January 2026, Swift Current sold the 150 MW/600 MWh Prospect Power battery storage project located in Rockingham County, Virginia. Prospect Power is backed by a 15-year power purchase agreement.

According to Mercom’s recently released 1H and Q2 2026 Solar Funding and M&A report, debt financing for the solar sector reached $13.2 billion in 44 deals, a 69% increase compared to 1H 2025, when $7.8 billion was raised in 41 deals.