AcquisitionsJul 22, 2026, 05:38 PM
Brookfield to acquire Aypa Power for $7B enterprise value
AI Summary
Brookfield announced an agreement to acquire Aypa Power from Blackstone for approximately $7 billion enterprise value, or $3 billion equity value. Aypa Power is North America's largest standalone battery storage developer, boasting 6.5 GW of operating and contracted capacity and a >20 GW development pipeline. This acquisition provides Brookfield with a significant entry point into the North American battery energy storage market, enhancing its ability to offer integrated energy solutions. The investment is being pursued through Brookfield's second vintage global transition strategy, alongside institutional partners including Brookfield Renewable Partners.
Key Highlights
- Brookfield to acquire Aypa Power for $7 billion enterprise value.
- The equity value of the acquisition is $3 billion.
- Aypa Power is North America's largest standalone battery storage developer.
- Aypa has approximately 6.5 GW of operating and contracted capacity.
- Aypa also has a development pipeline exceeding 20 GW.
- Aypa's operating portfolio is 95% contracted for an average of 17 years.
- Acquisition provides Brookfield with a leading presence in North American battery storage.
Price Impact
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