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.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..