Swift Current Energy has successfully closed financing and commenced commercial operations at its 138MW Harvest Gold solar project located in Mississippi. The project features a power purchase agreement (PPA) with Target Corporation, which will acquire the entire output along with the associated renewable energy certificates (RECs).
The financing was secured last week through a tax equity agreement with PNC Bank. The solar project utilizes First Solar's Series 7 thin-film cadmium telluride (CdTe) modules, which were installed by engineering, procurement, and construction (EPC) contractor Moss.
This project builds upon a previous partnership between Swift Current Energy and First Solar, which included a 500MW module supply agreement in 2023 and an existing 2GW deal established in October 2022.
Eric Lammers, CEO and co-founder of Swift Current Energy, expressed satisfaction with reaching this milestone, stating, “We are thrilled to complete development and start operations on our first project in Mississippi. We thank Target for their continued partnership on our projects, and we're pleased to receive strategic financing from PNC Bank.”
Earlier in 2024, Swift Current Energy also secured a tax equity financing deal with Google for its 800MW Double Black Diamond Solar project in Illinois, indicating the company's ongoing growth and expansion in the renewable energy sector.
