POWER Magazine•20 days ago
Aypa Power Secures $1.5-Billion Facility to Support Energy Storage
Key Takeaway
Significant capital is flowing into utility-scale energy storage, signaling robust growth and enabling more projects for developers and large power consumers.
AI Summary
- •Aypa Power, a Blackstone portfolio company, secured a $1.5 billion construction warehouse revolving credit facility, with an additional $0.5 billion accordion feature.
- •The substantial financing is dedicated to supporting the development and deployment of utility-scale energy storage and hybrid renewable energy projects.
- •This capital injection signals strong investor confidence and growth in the energy storage sector, enabling increased project development for developers and potentially impacting future PPA opportunities.
Topics
financingppasolarstoragewind
Article Content
Energy developer Aypa Power, a Blackstone portfolio company that operates utility-scale energy storage and hybrid renewable energy projects, announced the closing of its $1.5-billion construction warehouse revolving credit facility, with an additional $0.5 billion accordion feature. The post Aypa Power Secures $1.5-Billion Facility to Support Energy Storage appeared first on POWER Magazine .