Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Blackstone unit lines up credit facilities for 15 GW pipeline By: Geothermal Energy RSS Feed January 23, 2023 at 12:29 PM EST The facilities include a $250 million letter of credit facility and a $70 million revolving credit facility. Aypa Power, a Blackstone company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, said it closed $320 million of letter-of-credit and revolving credit facilities led by Banco Santander, Investec, and Nomura as coordinating lead arrangers and joint bookrunners. The facility is intended to support the development and commercialization of Aypa’s 15 GW project pipeline across North America.The facilities include a $250 million letter of credit facility and a $70 million revolving credit facility. They are expected to provide Aypa with development capital and credit support to secure obligations relating to power purchase agreements and other revenue contracts, as well as interconnection agreements.Aypa said it plans to deliver more than 1.5 GW of battery storage and hybrid projects to notice-to-proceed in the next 24 months. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Blackstone unit lines up credit facilities for 15 GW pipeline By: Geothermal Energy RSS Feed January 23, 2023 at 12:29 PM EST The facilities include a $250 million letter of credit facility and a $70 million revolving credit facility. Aypa Power, a Blackstone company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, said it closed $320 million of letter-of-credit and revolving credit facilities led by Banco Santander, Investec, and Nomura as coordinating lead arrangers and joint bookrunners. The facility is intended to support the development and commercialization of Aypa’s 15 GW project pipeline across North America.The facilities include a $250 million letter of credit facility and a $70 million revolving credit facility. They are expected to provide Aypa with development capital and credit support to secure obligations relating to power purchase agreements and other revenue contracts, as well as interconnection agreements.Aypa said it plans to deliver more than 1.5 GW of battery storage and hybrid projects to notice-to-proceed in the next 24 months.