Swift Current Energy: $779M for 800 MW solar project

11 Aug 2023 CW Team

Swift Current Energy, a major U.S. renewable developer, secures $779M financing for the pioneering Double Black Diamond Solar project. This ambitious initiative boasts an 800 MWdc capacity, making it a leading single-phase solar venture in the country.

The funding includes $695M in construction and tax equity bridge loans, plus an $84M letter of credit facility, marking a significant milestone in the renewable sector. Expected to reduce carbon emissions by a million tons yearly and power over 100,000 households, the project near Springfield, Illinois, is set for completion and energization in 2024.

MUFG, Societe Generale, and Truist lead the financing, with support from Constellation, set to acquire energy and RECs. Notable beneficiaries like Chicago O'Hare and Midway airports, Cook County-Illinois, CVS Health, Loyola University of Chicago, and more have agreements for sustainable energy supply.

Swift Current Energy's achievements, including the Tres Bahias Solar project and First Solar partnership, highlight their dedication to large-scale renewable solutions.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..