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.

Infrastructure Urban

05 May 2026

Meghalaya And Assam Hold Talks To End Transport Stoppages In Garo Hills

Meghalaya and Assam have opened talks aimed at ending recent stoppages of commodity transport in the Garo Hills, officials said. The deputy chief minister, in charge of home affairs, reported that both state governments are coordinating to resolve disruptions and to restore normal movement of goods. He acknowledged that misunderstandings may have contributed to the incidents and that clarification between administrative units is under way. The discussions are intended to produce practical arrangements that will allow consignments to move without hindrance while respecting local procedures. The..

Kochi Metro Records 1.375 mn Rise In Passengers In FY26

Kochi Metro recorded a marginal rise in ridership in the financial year 2025-26, carrying 1.375 mn more passengers than in the previous year. The service carried 36.8 million (mn) passengers in 2025-26 compared with 35.5 mn in 2024-25, representing a year-on-year increase of 3.9 per cent. The growth was described as distributed rather than concentrated in isolated spikes. A month-wise analysis shows steady gains across quarters. In the first quarter, ridership increased from 8.57 mn to 8.84 mn, while the second quarter rose from 9.13 mn to 9.51 mn. These trends indicated broad-based improvemen..

Ghaziabad Plans 16km Metro Link To Delhi Via Hindon Airport

Ghaziabad authorities are pursuing a 16 km metro link to Delhi that will run via Hindon Airport, and a detailed project report is under way. The plan is intended to improve connectivity between Ghaziabad and the national capital and to provide an interchange with the airport. Officials said the project is being studied to assess alignments, station locations and cost estimates ahead of formal approvals and tendering. The announcement follows the inauguration of the Delhi?Faridabad metro extension, which will offer hassle free travel for around 0.2 mn daily commuters between the national capita..