FinancingClosedPress / newsAugust 1, 2023

Double Black Diamond Solar (800 MWdc, Illinois)

V&E advised Swift Current. ~$700M debt + ~$250M tax equity + ~$270M ITC transfers.

Share on LinkedIn Source: Industry Source →

$1.22B

Deal Value

800MW

Capacity

Solar

Technology

Location

Project: Double Black Diamond Solar (800 MWdc, Illinois) · 2 tracked transactionsAsset profile →

MarketsIllinois Solar PJM

Deal Details

Deal Type: Project Finance
Seller / Sponsor: Swift Current Energy
Buyer / Financier: Multiple
Deal Value: $1.22B
Stage: Unknown
ISO/RTO: PJM
Source: Industry Source

Capital Structure

$779M

Total transaction value

Debt$695M100%

Tranches

Construction Loan + Tax Equity Bridge Loan · MUFG, Societe Generale, Truist, ING: $695M
Letter of Credit Facility · MUFG, Societe Generale, Truist, ING: $84M

Service Providers

Advisory & Legal

developerCounsel: Vinson & Elkins

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