Cypress Creek Energy secures $3.5 billion in financing for 1.63 GW solar and 1.9 GWh battery storage project in Arkansas

Type: Financing · Technology: Hybrid · Country: United States · Capacity: 1.63 GW · Value: $3.5B · Announced: 2026-06-11

Cypress Creek Energy announced financial close on the first two phases of the Steel River Energy Center in Arkansas, securing $3.5 billion in financing to develop a combined 1.63 GW of solar power and 1.9 GWh of battery energy storage. The project, located in Arkansas, represents one of the largest solar-plus-storage financings in U.S. history, with Phase 1 and Phase 2 already reaching financial close. The hybrid facility will integrate solar generation with large-scale battery storage to enhance grid stability and renewable energy delivery. Barclays served as a key lender in structuring the financing package for the landmark project. The financing underscores growing investor confidence in large-scale renewable energy and storage projects in the U.S. South.

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