Swift Current Energy just closed on $248 million to build the 3 Rivers Solar facility in Maine. It’s a big move in the company’s efforts to expand their renewable energy portfolio. The project, created in collaboration with Elliott Jordan & Son, is anticipated to be operational by year-end. This launch will make Swift Current Energy a significant force in utility-scale solar energy.
The Three Rivers Solar facility will contribute to Maine’s energy landscape by generating electricity through a 20-year power purchase agreement. This PPA ensures that the facility will sell all power generated. This method provides a reliable and robust revenue stream for the project. Swift Current Energy operates an office in Yarmouth, Maine. The team takes a keen interest in working with local stakeholders throughout the development process, ensuring any and all community needs and concerns are considered and discussed.
Eric Lammers, a spokesperson for Swift Current Energy, went even further in his praise of the project. He certainly drove home the need for this facility.
“Three Rivers Solar is Swift Current Energy’s first energy facility located in Maine and demonstrates our ability to execute major energy facilities across the US.” – Eric Lammers
This positive development has been bolstered by strong support among numerous legal and financial advisors. Landmark supporters like Verrill Dana, Bernstein, Shur, Sawyer & Nelson, and Husch Blackwell stepped in with critical help on project development and financing challenges. This major collaborative achievement underscores Swift Current Energy’s dedication to developing deep partnerships across the industry.
Swift Current Energy has done amazing things already in Maine. The company has three years of tangible progress on its side. The company has funded more than 1.3 gigawatts (GW) of energy projects in those four markets. Its exceptional track record speaks to its knowledge and capacity to oversee complex, large-scale, clean energy projects.
“In just the past three years, our team has financed more than 1.3GW of energy projects across four markets. Thanks to the continued support of our partners, we are bringing online new affordable and reliable energy projects.” – Eric Lammers
This winning financing of the Three Rivers Solar facility is a testament to Swift Current Energy’s forward-looking philosophy of renewable energy development. The company pairs business intelligence with the highest editorial standards. Their mission is to better connect practitioners and stakeholders on 36 cutting-edge media channels.