Copia Power secures $1.7 billion financing to build 2.2GWh battery energy storage system in Arizona
Type: Financing · Technology: Storage, Solar · Country: United States · Value: $1.7B · Announced: 2025-03-18
Copia Power secured a $1.7 billion debt facility (construction loan, term loan and letters of credit) to fund construction and operation of its 2.2 GWh battery energy storage projects — the Maricopa Energy Center co‑located with 550 MW of solar in Maricopa County, Arizona — with phases covered by PPAs with Arizona Public Service and commercial operation scheduled for 2026–2027.
Counterparties
- Canadian Imperial Bank of Commerce (Lender)
- Natixis CIB (Lender)
- KeyBanc Capital Markets (Lender)
- BNP Paribas (Lender)
- Crédit Agricole CIB (Lender)
- Copia Power (Developer)
- Arizona Public Service (Offtaker)
- Wells Fargo (Lender)
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