Swift Current Energy has brought its 197-megawatt Castle Gap Wind project online in central Texas.
The project is operational and is providing power to Target Corp., which is purchasing power from Castle Gap under a long-term virtual power-purchase agreement. Goldman Sachs provided the tax equity for the project, and Mitsubishi UFJ Financial Group (MUFG) and CaixaBank provided project financing.
The project is currently producing enough pollution-free energy to power more than 50,000 homes annually, and the greenhouse gas emissions avoided are equivalent to removing nearly 110,000 gasoline-powered cars from the road each year.
“Castle Gap Wind is a momentous project for Swift Current Energy as we grow our projects under asset management and operations,” said Eric Lammers, CEO and co-founder, Swift Current Energy. “Castle Gap Wind is one of the earliest projects supported by the Inflation Reduction Act, and we are thankful for our partners at Target, Goldma