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Swift Current Energy announces PPA, tax-equity financing for 260MW solar project in Texas
Transactions - MARCH 29, 2024

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Swift Current Energy announces PPA, tax-equity financing for 260MW solar project in Texas

by Released

Swift Current Energy has announced that its 260-megawatt dc Tres Bahias Solar project, located on the Gulf Coast of Texas, is now powering City of Houston facilities through a power-purchase agreement (PPA) with an affiliate of NRG Energy. Tres Bahias is the largest operating solar project in Calhoun County, Texas, and the third-largest in the Texas Gulf Coast region.

UnitedHealth Group and Morgan Stanley Renewables are providing the tax equity for the project. Swift Current previously announced that ING Capital provided construction financing for the project, with Siemens Financial Services and Associated Bank as additional lenders in the construction financing. The construction loan for the Project has since been full

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