Aypa Power completes acquisition fo Yadkins energy storage project in Virginia

Aypa Power, a Blackstone portfolio company and developer, owner, and operator of energy storage and hybrid generation assets has finalized an agreement with East Point Energy to purchase the Yadkins standalone battery energy storage project

The Yadkins project is a 100 MW, development-stage project located in Chesapeake, Virginia. East Point Energy will continue to provide development services, as needed, to support the project. In addition to supporting the Virginia Clean Economy Act and improving the reliability of the region's electrical grid, the project will create economic benefits through construction, operations, and maintenance jobs and tax revenues to the local community.