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Aypa Power Secures $550 Million for 250MW Battery Storage Projects in California and Texas

Aypa Power has secured $550 million in financing for two battery energy storage projects in California and Texas, with a combined capacity of 250MW. The projects are part of Aypa’s 22GW pipeline across North America and are located in Los Angeles County, California and Borden County, Texas. The financing was provided by US Bancorp Impact Finance and a consortium of lenders. The two projects are currently under construction and are expected to be completed by 2021. Apea Power, a Blackstone portfolio company, has a total of 22 GW across North American.

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