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Aypa Power and Six Nations of the Grand River Development Corporation Secure CA$700 Million Financing Close for Ontario Battery Energy Storage Projects
Aypa Power, a Blackstone portfolio company and leading developer, owner, and operator of utility-scale energy storage and hybrid renewable energy projects, together with Six Nations of the Grand River Development Corporation, announced the successful close of approximately CA$700 million (US$512 million) in aggregate financing for the Elora and Hedley Battery Energy Storage System (BESS) projects in Ontario, Canada.
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[{"type":"text","content":"TORONTO, March 10, 2026 /CNW/ - Aypa Power, a Blackstone portfolio company and leading developer, owner, and operator of utility-scale energy storage and hybrid renewable energy projects, together with Six Nations of the Grand River Development Corporation, announced the successful close of approximately CA$700 million (US$512 million) in aggregate financing for the Elora and Hedley Battery Energy Storage System (BESS) projects in Ontario, Canada.","length":451,"tagName":"p"},{"type":"image","alt":"With 42 projects currently in operation or under construction, and a development pipeline exceeding 22 gigawatts, Aypa delivers solutions that strengthen grid reliability, integrate renewable energy, and reduce dependence on fossil fuels. (CNW Group/Aypa Power)","displaySize":"","headline":null,"caption":"With 42 projects currently in operation or under construction, and a development pipeline exceeding 22 gigawatts, Aypa delivers solutions that strengthen grid reliability, integrate renewable energy, and reduce dependence on fossil fuels. (CNW Group/Aypa Power)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":219,"url":"https://media.zenfs.com/en/prnewswire.com/87ad23f1037b52f2fda59dc5338dc8f8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ZWIqANeqBSU5hKAYgDR0mQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM4NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/87ad23f1037b52f2fda59dc5338dc8f8","width":400,"height":219}},"href":"https://mma.prnewswire.com/media/2929494/Aypa_Power_Aypa_Power_and_Six_Nations_of_the_Grand_River_Develop.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The financing was provided by an eight-bank syndicate of leading international and domestic lenders, led by Canadian Imperial Bank of Commerce (CIBC) as Left Lead Arranger and Sumitomo Mitsui Banking Corporation, Canada Branch as Right Lead Arranger. Coordinating Lead Arrangers also included Desjardins Group; National Bank of Canada; Royal Bank of Canada (also Administrative Agent); and Societe Generale, together with Industrial and Commercial Bank of China (Canada) and Siemens Financial Services as Joint Lead Arrangers. The financing package comprises construction-to-term loan facilities, investment tax credit bridge loans, and letters of credit facilities.","length":666,"tagName":"p"},{"type":"text",...
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