Canadian-headquartered developer-operator Aypa Power announced successful close of a US$398 million financing package for the 250MW/1,000MWh Pediment BESS project.
Investor-owned utility (IOU) Southern California Edison (SCE) is seeking regulatory approval of resource adequacy (RA) contracts covering 620MW of BESS capacity across three projects.
The US industry’s prolific recent run of developers raising significant financing continues with announcements from Aypa Power and Hunt Energy Network.
Blackstone and Foss & Company have completed transferability investment tax credit (ITC) deals for BESS projects in California and Texas, a market which has grown “faster than anyone expected” according to tax credit ecosystem Crux.
Aypa Power has secured a portfolio debt and tax equity financing package totalling US$550 million for two battery energy storage system (BESS) projects in California and Texas.
