Swift Current Energy, an independent power producer (IPP) and renewables developer, said today it has obtained project financing for the 197-MW Castle Gap Wind project in Texas.
Mitsubishi UFJ Financial Group (MUFG) and CaixaBank served as joint coordinating lead arrangers and green loan structuring agents. MUFG also served as the administrative and collateral agent.
The wind farm is currently being built in Mills and Lampasas Counties, with IEA Constructors managing the process. The facility, which will use Nordex turbines, is expected to become operational in early 2023.
Castle Gap Wind represents Swift Current Energy’s second large-scale wind development in Texas after the 550-MW High Lonesome Wind project in Crockett and Upton Counties.