SWIFT CURRENT ENERGY ANNOUNCES POWER PURCHASE AGREEMENT AND TAX EQUITY FINANCING FOR 260 MW SOLAR PROJECT IN TEXAS [Yahoo! Finance]
NRG Energy, Inc. (NRG)
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Source: Yahoo! Finance
HOUSTON March 26, 2024 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that its 260 MWdc Tres Bahias Solar project ("Tres Bahias" or the "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, Inc. ("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 Inc. are providing the tax equity for the Project. Swift Current previously announced that ING Capital, LLC 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 fully repaid. Swift Current developed Tres Bahias and remains the owner and operator of the Project. "We are excited that Tres Bahias is now contributing
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