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Buckeye Partners to Acquire Solar Development Project in Texas
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Buckeye Partners & Nala Renewables Invest In Swift Current Energy to Accelerate U S Growth Plans
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Buckeye Partners and Nala Renewables are to acquire majority ownership of North American clean energy development and investment platform Swift Current Energy.
The transaction will enable Swift Current to accelerate its growth plans and allow Buckeye and Nala Renewables to invest in a renewable energy platform that aligns with their business priorities while further participating in the energy transition.
Boston-based Swift Current has commercialised more than 1.1GW of renewable projects since its founding in 2016.
Swift Current has a pipeline of over 6GW of solar, wind, and energy storage projects located close to US demand centres in liquid power markets.
The project portfolio offers significant optionality, driven by high demand from utilities, commercial and industrial users and retail customers.
Buckeye Partners & Nala Renewables Invest in Swift Current Energy to Accelerate U.S. Growth Plans
Buckeye Partners & Nala Renewables Invest in Swift Current Energy to Accelerate U.S. Growth Plans
Swift Current’s leading clean energy platform aligns with the companies’ commitment to integrate ESG values into long-term strategy
Published 5 hours ago
Submitted by Buckeye Partners
HOUSTON, BOSTON, and GENEVA, April 7, 2021 /CSRwire/– Buckeye Partners, L.P. (“Buckeye”) and Nala Renewables will together acquire majority ownership of leading North American clean energy development and investment platform Swift Current Energy (“Swift Current”).
The transaction will enable Swift Current to accelerate its growth plans and allow Buckeye and Nala Renewables to invest in a renewable energy platform that aligns with their business priorities while further participating in the energy transition. Swift Current’s experienced management team will retain a minority ownership in th