Cypress Creek Renewables acquires Steel River PV and battery storage project from Swift Current Energy

Acquisition Hybrid announced United States Mar 11, 2026

USD4.5B

Deal Value

2.45 GW

Capacity

development

Stage

Steel River PV and battery storage project

Project

Cypress Creek Renewables has acquired the Steel River PV and battery storage project from Swift Current Energy. The project, located in Mississippi County, Arkansas, is planned to include approximately 2.45 GW of PV generation capacity paired with 2.9 GWh of battery storage, with an estimated capital investment exceeding $4.5 billion. The acquisition will enable Cypress Creek Renewables to develop a significant renewable energy asset in Arkansas, with all three phases expected to enter service by 2029.

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Counterparts (2)

Buyer

Cypress Creek Renewables

company

Cypress Creek Renewables is a renewable energy company that develops, finances, owns, and operates utility-scale and distributed solar and energy storage projects. They focus on creating sustainable energy solutions and providing clean energy to communities across the United States.

Seller

Swift Current Energy

company

Swift Current Energy is a North American renewable energy developer and investment platform with over 10 GW of utility-scale wind, solar, and storage projects in its portfolio, including 2.5 GW in operation or construction. It focuses on developing and selling large-scale renewable assets primarily in the United States.

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Deal Analysis

Cypress Creek Renewables is making a serious bet on integrated renewables in Arkansas, picking up the Steel River PV and battery storage project from Swift Current Energy. This isn't a small play; the project is planned for 2.45 GW of solar paired with 2.9 GWh of storage, requiring over $4.5 billion in capital investment. For a company that develops, finances, and operates utility-scale renewable assets, this acquisition provides a significant pipeline. All three phases are expected online by 2029, positioning them to deliver substantial, long-term clean energy capacity in the US.

Exceeding $4.5 billion capital investment planned
2.45 GW PV paired with 2.9 GWh battery storage
All three phases expected in service by 2029
Project located in Mississippi County, Arkansas

Source Intelligence

KEY DETAILS

The development is estimated to involve capital investment exceeding $4.5 billion, while construction activities are expected to create 700 full-time jobs and 19 permanent on-site positions.

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Capacity

Once completed, the Arkansas facility is planned to include approximately 2.45 GW of PV generation capacity paired with 2.9 GWh of battery storage.

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Location

Cypress Creek Renewables, a US-based developer... The Steel River project located in Mississippi County, Arkansas

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Announcement

The Steel River project located in Mississippi County, Arkansas remains under development following the acquisition announcement on March 11, 2026.

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COD

According to the company statement, all three phases of the Steel River project are expected to enter service by 2029.

PARTIES MENTIONED IN SOURCE

Cypress Creek Renewables buyer

"Cypress Creek Renewables, a US-based developer, owner, and operator of solar and energy storage infrastructure, has acquired the Steel River PV and battery storage project from Swift Current Energy."

Swift Current Energy seller

high quality Enriched Mar 12, 2026

Timeline

Announced

Mar 11, 2026

Signed

Closed

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Source

solarbytes.info

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Cypress Creek Renewables acquires Steel River PV and battery storage project from Swift Current Energy

Counterparts (2)

Deal Analysis

Source Intelligence

Timeline

Source

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