Maricopa Energy Center — 550 MW solar + 2,200 MWh BESS in Arizona (largest renewable + storage facility in AZ)
$1.71B construction loan with BNP Paribas, CIBC, Credit Agricole CIB, KeyBanc Capital Markets, Natixis CIB, and Wells Fargo as coordinating lead arrangers. CoBank committed $125M as joint lead arranger. Two 20-year PPAs with Arizona Public Service. Copia Power is a Carlyle portfolio company. Total capital raised exceeds $3.5B.
$1.71B
Deal Value
550MW
Capacity
2,200MWh
Storage
Hybrid
Technology
AZ
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Copia Power
- Buyer / Financier
- BNP Paribas, CIBC, Credit Agricole CIB, KeyBanc Capital Markets, Natixis CIB, Wells Fargo, CoBank
- Offtaker
- Arizona Public Service
- Deal Value
- $1.71B
- Stage
- Construction
- ISO/RTO
- WECC
- Source
- Copia Power
Finance Counterparties
Lenders & Capital Providers
- coordinatingLeadArrangers
- BNP Paribas, CIBC, Credit Agricole CIB, KeyBanc Capital Markets, Natixis CIB, Wells Fargo
- jointLeadArranger
- CoBank
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