Swift Current Energy sells Steel River project to Cypress Creek

Core Insights - Swift Current Energy has completed the sale of its Steel River solar and storage project to Cypress Creek Renewables, which is under development in Mississippi County, Arkansas [1][2] - The project will consist of 2.9 GWh/720 MW of battery storage and 2.5 GW of solar power, developed in three phases with completion expected by 2029 [1][2] - The total cost of the Steel River project is anticipated to exceed $4.5 billion, contributing significantly to local tax revenue and supporting community services [3][4] Company Developments - Cypress Creek Renewables aims to enhance its position as a leading energy solutions provider with this acquisition, increasing its operational and in-progress portfolio to nearly 7 GW [2][3] - The project is expected to create 700 full-time construction jobs and 19 permanent on-site positions, utilizing equipment manufactured in the US [4] - Swift Current Energy initiated the development of Steel River in 2020 and has secured all necessary permits for the project [4][5] Economic Impact - The Steel River project is projected to support local economic growth by providing substantial tax revenue for Mississippi County, which will benefit local schools, public safety, and infrastructure improvements [3][5] - A 20-year power purchase agreement has been signed with a technology company for energy and renewable energy certificates related to the first two phases of the project [4]