Copia Power Closes $1.7 Billion Construction Loan for Maricopa Energy Center in Arizona

Stoel Rives is pleased to have represented Copia Power in closing a $1.7 billion debt facility the company will use to fund construction of its Maricopa Energy Center, a 550 MW solar and 2,200 MWh battery energy storage project and Arizona’s largest energy-transition power generation project. The energy center is expected to reach commercial operation in 2026–2027.

Copia Power is an energy transition company committed to accelerating decarbonization in all areas of the U.S. economy by developing and constructing large-scale infrastructure assets. With the backing of Carlyle, one of the world’s largest global investment firms, Copia Power is developing more than 15 GW of renewable energy projects and 12 GW of data center campuses in the U.S.

Alex Mertens led the Stoel Rives transaction team, which included Michael Novak, Pearl Dixon, Sylvia Koh, Bo Harvey, Kevin Pearson, Michael Such, Christopher Ishihara, and others.

For more on the deal, see the Copia press release.