Swift Current Energy has successfully secured project financing for its 800 MWdc Double Black Diamond Solar project. This venture is poised to become the second-largest single-phase solar project in the US, playing a significant role in reducing regional carbon dioxide emissions by approximately one million tons annually. The project, situated near Springfield, Illinois, is currently in construction and is expected to be operational by 2024.
Leading the financing are Mitsubishi UFJ Financial Group (MUFG), Societe Generale, and Truist. The project's financing also involves ING and Wilmington Trust. Swift Current Energy, in collaboration with partners BAES Infrastructure, IFM Net Zero Infrastructure Fund, and Lookout Ridge Energy Partners, is at the helm of this endeavor.
Once operational, the Double Black Diamond Solar project aims to provide emissions-free energy, generate job opportunities, and ensure stable community revenue. It highlights the ongoing commitment to renewable energy sources, contributing to a more sustainable future while also offering economic and environmental advantages.
Eric Lammers, CEO and Co-Founder of Swift Current, said, "Double Black Diamond Solar is a transformative project, not only for our team, but also the American workers it is employing, the massive amount of emissions-free energy it will produce, and the stable revenue it will provide for the communities in Sangamon and Morgan counties. We are pleased to work again with MUFG, Societe Generale, ING, and Wilmington Trust and are excited to add Truist as a new partner.”