Swift Present Power says its 197 MW Citadel Hole Wind challenge, situated in central Texas, is now operational and offering energy to Goal Corp.
Goal is buying energy from the challenge below a long-term digital energy buy settlement.
Goldman Sachs supplied the tax fairness for the challenge, which is producing sufficient power to energy greater than 50,000 properties yearly. Mitsubishi UFJ Monetary Group and CaixaBank supplied challenge financing.
“Citadel Hole Wind is a momentous challenge for Swift Present Power as we develop our initiatives below asset administration and operations,” says Eric Lammers, CEO and co-founder, Swift Present Power. “Citadel Hole Wind is without doubt one of the earliest initiatives supported by the Inflation Discount Act, and we’re grateful for our companions at Goal, Goldman Sachs, MUFG, CaixaBank and naturally the complete Swift Present Power staff who helped make the challenge attainable.”
Swift Present would be the long-term proprietor/operator of Citadel Hole Wind.
Vinson & Elkins LLP and Husch Blackwell LLP represented Swift Present Power within the challenge financing transactions. Latham & Watkins LLP represented MUFG and CaixaBank. O’Melveny & Myers LLP represented Goldman Sachs. Jackson Walker LLP represented every of MUFG, CaixaBank and Goldman Sachs with respect to Texas legislation issues.
