Swift Current Energy secures $242 million project financing for Prospect Power storage project
Type: Financing · Technology: Storage · Country: United States · Capacity: 150 MW · Value: $242M · Announced: 2025-09-09
Swift Current Energy secured $242 million in project financing for its 150 MW / 600 MWh Prospect Power battery energy storage project in Rockingham County, Virginia, which has a 15-year PPA with Dominion Energy Virginia and is expected to enter commercial operation in 2026.
Counterparties
- Canadian Imperial Bank of Commerce (Lender)
- NATIXIS (Lender)
- Swift Current Energy (Developer)
- KeyBank (Lender)
- Dominion Energy Virginia (Offtaker)
- Truist Securities (Lender)
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