Swift Current closes financing for 266MW solar PV plant in Texas

Facebook
Twitter
LinkedIn
Reddit
Email
Swift Current has more than 1GW of solar PV projects under construction across several US states. Image: Swift Current Energy.

US solar developer Swift Current Energy has closed financing on a 266MW solar PV project in Southeast Texas.

Financing was secured with financial services firm ING Capital as the sole lead arranger, while the developer also secured a tax equity commitment from Morgan Stanley Renewables.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The ‘Tres Bahias’ solar project is currently under development with commercial operation expected towards the end of this year. The plant will be owned and operated by Swift Current.

Modules for the project will be supplied by thin-film manufacturer First Solar, with whom Swift Current has a 2GW module supply agreement that will be delivered between 2025 and 2026.

For the engineering, procurement, and construction (EPC) of the project the developer selected EPC provider IEA Constructors.

As of April 2023 the developer had more than 1GW of solar PV projects under construction, including the 800MW solar PV project in Illinois it started working on last March and is expected to be operational by fall 2024.

Eric Lammers, CEO and co-founder at Swift Current Energy, said: “We are grateful for the support of ING and Morgan Stanley on the Tres Bahias Solar project and we look forward to growing our partnership with both companies as we execute on our pipeline of wind, solar and storage projects located throughout the US.”

Read Next

September 25, 2025
Spanish renewables developer X-Elio has commissioned its first solar-plus-storage project in the US, which comprises of 72MW solar PV.
September 19, 2025
Spanish oil major Repsol has started commercial operations at its 629MW Outpost solar facility located in Webb County, Texas near Laredo. 
September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.
September 2, 2025
Ingeteam has supplied its INGECON SUN 3Power Series C liquid-cooled central PV inverters for a 640MW solar PV plant in Texas.
August 27, 2025
Tracker manufacturer FTC Solar has signed a 1GW solar PV tracker and software supply agreement with engineering firm Levona Renewables.
August 27, 2025
Spanish infrastructure provider Ferrovial Energy will build a 250MW solar photovoltaic facility in Milam County, Texas.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland