Brookfield Asset Management will acquire Aypa Power from Blackstone-managed funds at an enterprise value of approximately US$7 billion, gaining a 6.5GW portfolio plus a development pipeline exceeding 20GW that is 95% contracted under 17-year average terms.
The asset manager reportedly views the combined holdings as the largest platform focused on standalone BESS assets across North America.
https://x.com/Brookfield/status/2080043688810484068
Nearly all of the operating and under-construction capacity is already secured under long-term contracts.
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