Swift Current Energy

Swift Current Energy is a renewable energy company that develops, constructs, owns, and operates utility-scale wind, solar, and energy storage projects across the US. The company's key product offerings include large-scale solar farms, such as the 260 MWdc Tres Bahias Solar project in Texas, which commenced operations in March 2024. This solar plant supplies power to City of Houston facilities through a power purchase agreement (PPA) with an affiliate of NRG Energy. Swift Current Energy also has the 800 MWdc (593 MWac) Double Black Diamond Solar project under construction in Illinois, expected to be the second-largest single-phase solar project in the US upon its energization in 2024. The company's business model involves securing long-term PPAs and structuring tax equity financing for its renewable energy projects. In August 2023, Swift Current Energy closed USD 779 million in project financing for the Double Black Diamond Solar project. Additionally, the company has a 197 MWac Castle Gap wind project that entered commercial operations. As of January 2024, Swift Current Energy had a development pipeline exceeding 10 GW of wind, solar, and battery storage projects across premium markets in the US. In November 2023, the company's 402 MWac Mineral Basin Solar project in Pennsylvania was awarded a 20-year power contract from NYSERDA, making it one of the largest solar facilities in the US to be sited on former mine land.

Key customers and partnerships

In March 2024, Swift Current Energy announced that its 260 MWdc Tres Bahias Solar project in Texas is powering City of Houston facilities through a PPA with an NRG Energy affiliate. The City of Chicago will source renewable energy from Swift Current Energy's Double Black Diamond Solar project to power several facilities, including O'Hare and Midway airports. Other notable customers with agreements to purchase power from Double Black Diamond include Cook County Illinois, CVS Health, Loyola University of Chicago, PPG, State Farm, and TransUnion.