AES Clean Energy closes landmark debt financing for 400 MWh standalone battery storage project in California
AES Clean Energy has announced the closing of the $154.2 million in non-recourse debt financing for Luna Storage, a 400 MWh standalone battery storage project in California. The project is located in the city of Lancaster in Los Angeles County in California. The fund was raised by KeyBanc Capital Markets Inc., Credit Agricole Corporate and Investment Bank, Silicon Valley Bank, and Export Development Canada. The transaction was closed by sPower, an independent power producer, which merged in January 2021 to become a part of AES Clean Energy’s business in the United States.
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