Steel River Solar & Storage — 2,450 MWdc solar + 2,900 MWh battery storage, Arkansas
Swift Current Energy completes sale of the 2,450 MWdc Steel River solar + 2,900 MWh storage project in Arkansas to Cypress Creek Renewables. The project is backed by a 20-year PPA with an unnamed Fortune 500 technology company. One of the largest solar+storage projects in US history. Cypress Creek CEO Kevin Smith (who joined from Arevon in March 2026) is overseeing the integration.
2,450MW
Capacity
2,900MWh
Storage
Solar
Technology
AR
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- Swift Current Energy
- Buyer / Financier
- Cypress Creek Renewables
- Offtaker
- Unnamed Fortune 500 technology company (20-year PPA)
- Deal Value
- Undisclosed
- Stage
- Development
- ISO/RTO
- MISO
- Source
- PR Newswire
Service Providers
Advisory & Legal
- Seller Counsel
- Morgan Lewis; Husch Blackwell LLP; Stoel Rives LLP; Vinson & Elkins LLP
- Seller Financial Advisor
- Jefferies LLC; Truist
Related Deals
Cypress Creek Renewables — $200M preferred equity (10% warrant)
Cypress Creek Renewables
$200M (Temasek-led; 10% warrants)
Black Diamond Solar — 250 MW solar, IL (MISO)
Swift Current Energy → Lowe's
Cypress Creek Renewables — integrated US solar IPP/developer (~12 GW pipeline)
HPS Investment Partners; Temasek → EQT Infrastructure V
1,500 MW
Stuttgart Solar Energy Center — Solar project, AR (MISO), 81 MW, COD 2018.
Monopoly Investor-owned Utility
Chicot Solar — Solar project, AR (MISO), 100 MW, COD 2020.
Monopoly Investor-owned Utility
WGL Holdings — Washington Gas Light + non-regulated power/marketing/midstream
AltaGas Ltd.
C$8.4B (~$6.4B USD; $88.25/share cash)
Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.