Brookfield to buy Aypa Power for about USD7bn, gaining 6.5 GW BESS portfolio and over 20 GW pipeline
Brookfield's ~USD7bn acquisition of Aypa Power signals growing institutional commitment to North American battery energy storage, highlighting the strategic value of contracted, long-duration cash flows in constrained power markets. Aypa's 6.5GW operating/contracted portfolio and >20GW pipeline could intensify competition for grid connection, equipment, and project financing across the storage value chain. Deal closing remains subject to regulatory approvals.
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Brookfield said it will acquire Aypa Power, valuing the North American battery energy storage developer at an enterprise value of about USD7bn. Aypa’s portfolio totals about 6.5 GW of operating, underconstruction and contracted battery storage capacity across the US and Canada, alongside a development pipeline exceeding 20 GW. Brookfield said 95% of Aypa’s operating and underconstruction assets are backed by longterm contracts with an average remaining duration of 17 years. The transaction is subject to customary regulatory approvals.