Eolus has entered into an agreement with Aypa Power, a Blackstone portfolio company, to sell Cald, a 120-megawatt stand-alone battery-energy-storage project in Los Angeles.
All membership units in the project company have been transferred from Eolus to Aypa. Commercial operation is expected in 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,” said Hans-Christian Schulze, Eolus North America country manager.