Aypa Power secures $398 million financing for 250 MW/1 GWh Pediment BESS in Mesa, Arizona
Type: Financing · Technology: Storage · Country: United States · Value: $398M · Announced: 2024-12-12
Blackstone-owned Aypa Power secured a $398 million financing package to build the 250 MW/1 GWh Pediment battery energy storage system in Mesa, Arizona, with a 20-year offtake agreement with Salt River Project and an expected 2026 start of operations.
Counterparties
- Zions Bancorporation (Lender)
- Aypa Power (Developer)
- Bank of America (Lender)
- Desjardins Group (Lender)
- Royal Bank of Canada (Lender)
- Salt River Project (Offtaker)
- Société Générale (Lender)
- ING Capital LLC (Lender)
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