Energy Storage News•19 days ago
Aypa Power closes US$1.5 billion credit facility for US BESS projects
- •Aypa Power has secured a substantial US$1.5 billion construction warehouse revolving credit facility specifically for advancing battery energy storage system (BESS) projects across the United States.
- •This significant financing indicates strong investor confidence and a maturing market for BESS, suggesting increased competition for interconnection queue positions, land, and EPC resources for developers and IPPs.
- •For large power consumers, the accelerated deployment of BESS projects promises enhanced grid reliability, improved ancillary services, and potential for more stable energy prices, offering opportunities for demand-side management and hedging strategies.
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