Prospect Power Storage — 150 MW / 600 MWh standalone BESS in Rockingham County, Virginia (largest BESS in PJM at announcement)
Largest battery storage project in PJM service area at time of announcement. Joint coordinating lead arrangers: Truist Securities, CIBC, KeyBank, and Natixis.
$242M
Deal Value
150MW
Capacity
600MWh
Storage
BESS
Technology
VA
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Swift Current Energy
- Buyer / Financier
- Truist Securities / CIBC / KeyBank / Natixis
- Deal Value
- $242M
- Stage
- Under Construction
- ISO/RTO
- PJM
- Source
- Energy Storage News
Capital Structure
$242M
Total transaction value
Tranches
- Project Financing (debt; tranche split not disclosed) · Truist Securities / CIBC / KeyBank / Natixis (joint coordinating lead arrangers)
- $242M
Finance Counterparties
Related Deals
Black Diamond Solar — 250 MW solar, IL (MISO)
Swift Current Energy → Lowe's
Double Black Diamond Solar — 24 MW (Cook County allocation), Morgan & Sangamon Counties, Illinois (PJM/MISO)
Constellation Energy / Swift Current Energy → Cook County, Illinois
Double Black Diamond Solar (800 MWdc, Illinois)
Swift Current Energy → Multiple
$1.22B
Elevate Renewables $50M Rabobank Energy Transition Supplier Finance Facility — Prospect Power Storage 150 MW/600 MWh, Rockingham County VA
Elevate Renewables → Rabobank
$50,000,000
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
8 × 74.5 MW = 596 MW solar plants across Florida; 2.5M panels
Florida Power & Light (FPL) → FPL ratepayers
596 MW
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.