Funding and M&A Roundup: Energy Storage Firm Aypa Power Secures $320 Million Debt Funding
Hecate Energy secures $550 Million to support renewables expansion
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Aypa Power, a developer, owner, and operator of energy storage and hybrid generation assets has secured a corporate credit facility worth $320 million. The credit facility includes a $250 million letter of credit and a $70 million revolving credit, providing Aypa with development capital and credit support for securing agreements related to power purchases, revenue contracts, and interconnection. The facility was arranged by Banco Santander, Investec, and Nomura as Coordinating Lead Arrangers and Joint Bookrunners.
