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.

The energy storage arm of PV module giant Canadian Solar will supply 363MWh of its battery energy storage systems (BESS) to developer Aypa Power for a project in Texas.

Verdant Microgrid, a developer of distributed generation projects ranging from 1MW to 20MW largely for commercial and industrial (C&I) sector customers, has secured a US$150 million financing agreement to further its activities.