Skip to main content

Eolus to sell its first stand alone battery storage project in the United States to Aypa

Written by Customer Service on . Posted in Public Companies.

Hässleholm, Sweden, January 1st, 2022

Eolus has entered into an agreement with Aypa Power (a Blackstone portfolio company) to sell the stand-alone battery energy storage project Cald (up to 120 MW) located in Los Angeles, California USA.

Eolus and Aypa have on December 31st, 2021, entered into an agreement regarding the sale of Cald, an up to 120 MW, development-stage, battery energy storage system. All membership units in the project company have been transferred from Eolus to Aypa.

Additionally, Eolus will continue to provide services for the benefit of the project and Aypa through a Development Services Agreement.

Commercial operation is anticipated during 2024.

-There is a big need for energy storage in California and we are excited about this deal. Cald BESS is an important milestone for Eolus, as it is the first stand-alone energy storage development asset sold by us. We are proud to establish this new relationship with Aypa and hope to expand on this in the future, says Eolus North America Country Manager Hans-Christian Schulze.

For further information contact:

Per Witalisson, CEO, +46 70-265 16 15
Hans-Christian Schulze, Country Manager USA, +1 858 336 0067
Johan Hammarqvist, Head of Communications, +46 720 50 59 11

About Eolus:
Eolus Vind AB is one of the leading wind power developers in the Nordics. Eolus is active in the whole value chain from development of green field projects to construction and operation of wind farms. Eolus offers attractive and competitive investments in the Nordic and Baltic countries, Poland as well as the United States to both local and international investors. Founded in 1990, Eolus has constructed 666 wind turbines with a capacity of 1 414 MW. Eolus has signed contracts for about 1 330 MW of asset management services of which 921 MW are in operation and the rest under construction.

Eolus Vind AB has 36 500 shareholders. Eolus shares are listed at Nasdaq Stockholm.

For more information about Eolus, please visit www.eolusvind.com and https://www.eolusnorthamerica.com/

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.