Brookfield to acquire Aypa Power, expanding North American battery storage
Brookfield to acquire Aypa Power for about $7 billion enterprise value (roughly $3 billion equity), adding North America’s leading standalone battery storage platform with ~6.5 GW of operating/contracted capacity and a development pipeline exceeding 20 GW. The deal covers Aypa’s project portfolio, development platform and ~200-person team, strengthening Brookfield’s North American energy storage footprint and aligning with its global transition strategy through long-term contracted cash flows.