From: Mercom Capital GroupAypa Power, a Blackstone portfolio company and developer, owner, and operator of energy storage and hybrid generation assets acquired the 100 MW Yadkins Energy storage project from East Point Energy, an energy storage developer. The project will be located in Chesapeake, Virginia. East Point will continue to provide development services to the project. The Yadkins Energy storage projects are an essential component of Virginia’s 100% clean energy future, outlined in the Virginia Clean Economy Act. The project will increase grid resilience and is well-sited to support the Hampton Roads load growth and planned offshore wind interconnecting nearby.Greenwood Sustainable Infrastructure (GSI), a clean energy subsidiary of the Libra Group, acquired a 233 MW portfolio of solar projects in the U.S. from AquaSan Network-subsidiary CMDAJ. Initially, GSI will…
Project Finance Brief: Blackstone-backed Aypa Acquires a 100 MW Energy Storage Project
