Swift Current

SWIFT CURRENT ENERGY SUCCESSFULLY UPSIZES CREDIT FACILITY TO $312.5 MILLION

Retrieved on: 
Thursday, January 25, 2024

BOSTON and HOUSTON, Jan. 25, 2024 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that it has upsized its $225 million revolving credit facility to a total of $312.5 million.

Key Points: 
  • BOSTON and HOUSTON, Jan. 25, 2024 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that it has upsized its $225 million revolving credit facility to a total of $312.5 million.
  • National Australia Bank, Natixis and First Citizens Bank join existing lenders KeyBank, Mitsubishi UFJ Financial Group (MUFG) and Canadian Imperial Bank of Commerce (CIBC) in supporting Swift Current through this upsized credit facility.
  • Swift Current has more than 10 gigawatts (GW) of wind, solar and battery energy storage projects in its development pipeline across premium markets.
  • Eric Lammers, CEO and Co-Founder, Swift Current, said, "Swift Current Energy is trailblazing a path for clean energy.

LeapCharger Set to Enter Canadian Market, Inks Agreement with Willow Manor Creek for Installation of EV Chargers

Retrieved on: 
Wednesday, December 13, 2023

Willow Manor Creek Long-Term Care Facility, renowned for its dedication to environmental stewardship, aligns seamlessly with LeapCharger's mission to create a cleaner and more energy-efficient future.

Key Points: 
  • Willow Manor Creek Long-Term Care Facility, renowned for its dedication to environmental stewardship, aligns seamlessly with LeapCharger's mission to create a cleaner and more energy-efficient future.
  • The Partnership will focus on the installation of multiple cutting-edge EV charging stations at Willow Manor Creek during the first quarter of 2024, providing residents, visitors, and the local community with convenient access to sustainable energy solutions.
  • “LeapCharger's entry into the Canadian market is poised to have a profoundly positive impact on the Company's long-term growth.
  • LeapCharger Corporation and Willow Manor Creek Long-Term Care Facility invite shareholders and stakeholders to celebrate this momentous partnership.

Swift Current Energy's Mineral Basin Solar Project Awarded 20-Year NYSERDA Power Contract

Retrieved on: 
Monday, November 20, 2023

BOSTON and HOUSTON, Nov. 20, 2023 /PRNewswire/ -- Swift Current Energy announced that NYSERDA has awarded its Mineral Basin Solar project a 20-year power contract as part of New York State's largest-ever state investment in renewable energy. Mineral Basin Solar is the largest land-based energy project to be selected as a part of NYSERDA's competitive solicitation.

Key Points: 
  • The 402 MWac Solar Project Will Repurpose Former Mine Land, Creating 450 Jobs During Construction and New Source of Revenue for Clearfield County, Pennsylvania
    BOSTON and HOUSTON, Nov. 20, 2023 /PRNewswire/ -- Swift Current Energy announced that NYSERDA has awarded its Mineral Basin Solar project a 20-year power contract as part of New York State's largest-ever state investment in renewable energy.
  • Mineral Basin Solar is the largest land-based energy project to be selected as a part of NYSERDA's competitive solicitation.
  • "The Mineral Basin Solar project is a game-changing opportunity to bring the new energy economy to the very Pennsylvania coalfields that powered the industrial development of our Nation," said U.S.
  • In addition to Mineral Basin Solar, Swift Current is developing more than 1,000 MW of solar and storage capacity on reclaimed coal mines throughout Pennsylvania.

SWIFT CURRENT ENERGY ANNOUNCES 197 MW WIND PROJECT IN TEXAS IS NOW OPERATIONAL

Retrieved on: 
Monday, November 13, 2023

BOSTON and HOUSTON, Nov. 13, 2023 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that its 197 MW Castle Gap Wind project (the "Project") located in Central Texas is now operational and providing power to Target Corporation ("Target"). Community leaders and the Project landowners from Mills and Lampasas Counties as well as representatives from Target and the Project financiers joined Swift Current at Castle Gap Wind last Wednesday to celebrate the Project's completion.

Key Points: 
  • Goldman Sachs provided the tax equity for the project, which was developed and is owned and operated by Swift Current Energy
    BOSTON and HOUSTON, Nov. 13, 2023 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that its 197 MW Castle Gap Wind project (the "Project") located in Central Texas is now operational and providing power to Target Corporation ("Target").
  • "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.
  • "Goldman Sachs is pleased to partner with Swift Current Energy on their Castle Gap Wind project," said Ryan Newman, Head of Tax Equity, Goldman Sachs.
  • Vinson & Elkins LLP and Husch Blackwell LLP represented Swift Current Energy in the project financing transactions.

American Solar: Swift Current Energy Extends First Solar Relationship with 500 MW Order

Retrieved on: 
Wednesday, November 1, 2023

First Solar , Inc. (NASDAQ: FSLR) announced an agreement to supply Swift Current Energy with 500 megawatts (MW) of advanced Series 7 thin film modules.

Key Points: 
  • First Solar , Inc. (NASDAQ: FSLR) announced an agreement to supply Swift Current Energy with 500 megawatts (MW) of advanced Series 7 thin film modules.
  • Swift Current Energy, a Boston-headquartered developer, owner, and operator of utility-scale clean energy assets, has previously placed orders for 3.3 gigawatts of First Solar modules in 2022.
  • View the full release here: https://www.businesswire.com/news/home/20231101922839/en/
    First Solar, Inc. announced an agreement to supply Swift Current Energy with 500 megawatts of advanced Series 7 thin film modules.
  • Swift Current Energy, a Boston-headquartered developer, owner, and operator of utility-scale clean energy assets, has previously placed orders for 3.3 gigawatts of First Solar modules in 2022.

S3 Group’s Expansion to Southern Alberta Promises Economic Growth

Retrieved on: 
Wednesday, October 18, 2023

With support from Invest Alberta and the Government of Alberta, the company’s expansion includes plans to create 100 new jobs over five years in product design, engineering, and manufacturing for export.

Key Points: 
  • With support from Invest Alberta and the Government of Alberta, the company’s expansion includes plans to create 100 new jobs over five years in product design, engineering, and manufacturing for export.
  • S3 Group currently operates five facilities in three locations across North America, manufacturing farm equipment products that contribute to sustainable farming.
  • We know Alberta is the economic engine of Canada and that is because of companies like S3 Group, who see value in growing their business into Alberta.
  • The collaborations between S3, the province, the city, and Invest Alberta are bringing long-term benefits to sustainable farming that will not only create jobs but also strengthen Alberta’s position as a hub for innovation.” - Rick Christiaanse, CEO, Invest Alberta

Swift Current Energy Secures $779 Million in Project Financing for American-Made Double Black Diamond Solar Project

Retrieved on: 
Wednesday, August 9, 2023

BOSTON and HOUSTON, Aug. 9, 2023 /PRNewswire/ -- Swift Current Energy (Swift Current) announced today that it has closed project financing for its 800 MWdc (593 MWac) Double Black Diamond Solar project.

Key Points: 
  • BOSTON and HOUSTON, Aug. 9, 2023 /PRNewswire/ -- Swift Current Energy (Swift Current) announced today that it has closed project financing for its 800 MWdc (593 MWac) Double Black Diamond Solar project.
  • Lammers continued, "Since we began development of the project in 2018, the Swift Current team has felt a deep sense of conviction for Double Black Diamond Solar.
  • Uzoma Enyinna, Director of Project Finance, Truist Securities, said, "We're extremely pleased to support Swift Current Energy on the financing of the Double Black Diamond Solar project, extending the relationship with Swift Current and the teams at BAES Infrastructure and IFM, focusing on a cleaner and greener future together."
  • "This is a landmark transaction for Swift Current and a significant step toward building Swift Current into an industry-leading independent power producer.

Enforcement Notification - Tax evasion - Saskatchewan Agri-Scientist fined over $86,000 for tax evasion

Retrieved on: 
Thursday, May 11, 2023

Dr. Gan worked for Agriculture and Agri-Food Canada from January 1, 2012, to December 31, 2017.

Key Points: 
  • Dr. Gan worked for Agriculture and Agri-Food Canada from January 1, 2012, to December 31, 2017.
  • The CRA investigates suspected cases of tax evasion, tax fraud, and other serious violations of the tax laws and recommends cases to the Public Prosecution Service of Canada (PPSC) for possible criminal prosecution.
  • The CRA continues to aggressively pursue tax evasion, and false claims with all the tools available to it.
  • The CRA has set up a free subscription service to help Canadians stay current on the CRA's enforcement efforts.

SWIFT CURRENT ENERGY CLOSES PROJECT FINANCING ON 266 MW TRES BAHIAS SOLAR PROJECT IN SOUTHEAST TEXAS

Retrieved on: 
Tuesday, May 2, 2023

BOSTON and HOUSTON, May 2, 2023 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that it has closed project financing with ING Capital, LLC ("ING") and has received a tax equity commitment from Morgan Stanley Renewables Inc. ("Morgan Stanley") for its 266 MWdc (195 MWac) Tres Bahias Solar project located in Southeast Texas.

Key Points: 
  • BOSTON and HOUSTON, May 2, 2023 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that it has closed project financing with ING Capital, LLC ("ING") and has received a tax equity commitment from Morgan Stanley Renewables Inc. ("Morgan Stanley") for its 266 MWdc (195 MWac) Tres Bahias Solar project located in Southeast Texas.
  • "Swift Current Energy now has more than 1 GW of solar and wind energy projects in construction across multiple power markets and states," said Eric Lammers, CEO and Co-Founder, Swift Current Energy.
  • Swift Current selected IEA Constructors, a leading renewable energy engineering, procurement, and construction provider, to manage the construction of the project.
  • As of April 2023, Swift Current had more than 1 GW under construction, including the 800 MW Double Black Diamond Solar project in Illinois.

Swift Current Energy Ramps Up Construction of 800 MW Double Black Diamond Solar Project with McCarthy Building Companies

Retrieved on: 
Wednesday, March 29, 2023

BOSTON and HOUSTON, March 29, 2023 /PRNewswire/ -- Swift Current Energy ("Swift Current") is ramping up construction this spring for its Double Black Diamond solar project in central Illinois. The company has contracted St. Louis-based McCarthy Building Companies ("McCarthy") as the Engineering, Procurement and Construction (EPC) contractor. Swift Current has also selected American-based First Solar to provide the 800 MWdc solar modules for the project and American-based Nextracker to provide the smart solar tracker solutions for the project. The majority of the project's 1.6 million solar panels will be manufactured in the United States.

Key Points: 
  • BOSTON and HOUSTON, March 29, 2023 /PRNewswire/ -- Swift Current Energy ("Swift Current") is ramping up construction this spring for its Double Black Diamond solar project in central Illinois.
  • Swift Current has also selected American-based First Solar to provide the 800 MWdc solar modules for the project and American-based Nextracker to provide the smart solar tracker solutions for the project.
  • In coordination with local unions, the project is hiring approximately 435 craft workers to construct the Double Black Diamond solar project, with crews having already begun sitework.
  • Additionally, State Farm and PPG will purchase zero-emission, renewable energy from the Double Black Diamond solar project.