Project Finance Brief: Aypa Power Secures $1.5 Billion for Energy Storage Projects

Thailand-Based energy company GULF secures $1.3 billion loan facility

February 11, 2026

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Aypa Power, a Blackstone portfolio company and utility-scale energy storage and hybrid renewable energy projects developer, closed a $1.5 billion construction warehouse revolving credit facility, with an additional $0.5 billion accordion feature. The warehouse financing will serve as the company’s principal funding source for advancing utility-scale energy storage projects expected to reach commercial operation through 2028.

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