Cypress Creek Renewables acquires major solar and battery storage asset in Arkansas

Cypress Creek Renewables has acquired the Steel River solar and battery project from Swift Current Energy. This 2029-bound facility in Northeast Arkansas represents one of the largest planned renewable energy sites in the U.S., featuring 2,450 MWdc of solar capacity alongside 2,900 MWh of integrated storage.

Cypress Creek Renewables has finalized the acquisition of the Steel River solar and storage development from Swift Current Energy. Located in Northeast Arkansas, the project is scheduled for commissioning in 2029 and is set to become one of the most significant hybrid energy installations in the United States. The site integrates 1,500 MWac of solar generation with 2,900 MWh of battery energy storage capacity, divided across three distinct phases. Development of the site began in 2020, with Swift Current Energy successfully securing all necessary discretionary permits prior to the sale. Furthermore, a long-term 20-year power purchase agreement is already in place with an undisclosed technology company for the energy and certificates generated by the first two phases.

This transaction highlights the growing demand for large-scale, co-located renewable assets that can provide both bulk power and grid stability through storage. For the Arkansas region and the broader MISO market, the scale of Steel River represents a shift toward massive utility-scale decarbonization. Swift Current Energy is a U.S.-based renewable energy developer focused on utility-scale wind, solar, and storage projects. Cypress Creek Renewables is an integrated solar and storage firm that develops, finances, and operates energy infrastructure across the country. The project’s existing long-term contract with a technology firm underscores the role of corporate procurement in de-risking high-capital energy projects. For investors and stakeholders, this development signals a robust secondary market for permitted, shovel-ready renewable assets. The scale of the battery component specifically addresses the intermittent nature of solar power, making the asset particularly valuable for regional grid reliability as coal-heavy states transition toward diversified energy portfolios.