Aypa Powers Up: USD 550M Secures 250MW Battery Projects

• Aypa Power recently secured $550 million in financing for two energy storage projects in California and Texas. With a combined capacity of 250MW, these projects will be completed by 2021 and are part of Aypa's 22GW pipeline across North America. US Bancorp Impact Finance and consortium of lenders are providing the funding.

Aypa Power recently secured USD 550 million in debt and tax equity financing for two battery energy storage projects in Texas and California. The projects have a combined capacity of 250 MW and are located in Los Angeles County, California and Borden County, Texas. They are under construction and are expected to be completed by 2021. The financing was provided by a consortium of lenders and US Bancorp Impact Finance. Aypa Power, a Blackstone portfolio company, has a pipeline of energy storage projects that exceed 22 GW across North America.

What Financing Is Aypa Power Securing for 2 Projects?

• US Bancorp Impact Finance provided USD 350 million of debt and tax equity financing for the two projects.
• The two projects have a combined capacity of 250 MW.
• The projects are located in Los Angeles County, California and Borden County, Texas.
• They are under construction and are expected to be completed by 2021.
• Aypa Power has a pipeline of energy storage projects that exceed 22 GW across North America.
• The financing was provided by a consortium of lenders.
• Aypa Power is a Blackstone portfolio company.