Clearway Closes Financing and Begins Construction on 650 MW Solar Facility in the USA

Clearway Energy Group announced it has closed financing and begun construction on the Swan Energy Center, a 650 MW solar facility located on portions of formerly strip-mined land in northwestern Bates County, Missouri. The project, Clearway’s first in Missouri, is contracted under a 20-year power purchase agreement and is part of a 1.2 GW portfolio of projects Clearway announced earlier this year.

Swan Energy Center will deliver near-term, carbon-free energy to support load growth in the region while generating enough electricity annually to meet the needs of approximately 200,000 homes.

To finance the US$1.5 billion energy center, Clearway assembled a bank consortium led by Canadian Imperial Bank of Commerce, DNB Bank ASA, and National Australia Bank Limited. Clearway Energy, Inc., entered into an agreement to invest in the project upon commercial operations.

Clearway partnered with Blattner Energy on construction, which is expected to create up to 500 construction jobs at peak activity, with several long-term technician positions available once the project comes online. Swan Energy Center, which will use American-made solar panels and other equipment, is expected to begin commercial operations in 2028.