Cypress Creek Renewables Acquires 2.45 GW Solar and 720 MW BESS Steel River Project in Arkansas from Swift Current Energy
Cypress Creek Renewables has acquired the Steel River project from Swift Current Energy, a 2.45 GW solar PV and 720 MW / 2.9 GWh BESS development in Mississippi County, Arkansas. One of the largest solar-plus-storage projects in the United States, Steel River will be built in three phases with total capital costs exceeding $4.5 billion, and all phases are expected to be in service by 2029. The acquisition doubles Cypress Creek's operating and under-construction portfolio to nearly 7 GW.
Transaction date: · Source: ccrenew.com
Key facts
- Transaction date
- Technology
- Solar PV, Battery Storage (BESS)
- Capacity
- 2,450 MW
- Transaction price
- Not disclosed
- Seller
- Swift Current Energy
- Country
- United States
- Region
- Mississippi County, Arkansas
- Continent
- North America
- Development status
- Under Development
- PPA
- n.a.
Technology details
2.45 GW solar PV paired with 720 MW / 2.9 GWh battery energy storage system (BESS). Developed in three phases, each consisting of approximately 815 MW of solar paired with 240 MW / 960 MWh of battery storage. All phases expected to be placed in service by 2029.
Additional information
Estimated total capital costs in excess of $4.5 billion USD. Acquisition doubles Cypress Creek's operating and under-construction portfolio to nearly 7 GW.
Source
Original announcement: https://ccrenew.com/news/cypress-creek-acquires-2-5-gw-solar-project-with-2-9-gwh-energy-storage-in-development-in-arkansas-from-swift-current-energy/