Financing Maricopa Energy Center with Copia Power

A row of solar panels in a desert landscape positioned beside a white electrical equipment container under a cloudy sky.

This year, CoBank closed financing for the Maricopa Energy Center, a major renewable energy project developed by Copia Power that will expand clean energy capacity in Arizona. Located in Maricopa County, the two-phased project includes 550 megawatts of solar generation and 2,200 megawatt hours of battery storage, making it the largest renewable plus storage facility in the state once it reaches commercial operation in 2026 and 2027.

The project is supported by two 20-year power purchase agreements with Arizona Public Service, ensuring long-term delivery of reliable clean energy to a fast-growing region. With some of the strongest solar resources in the country and proximity to major population centers, Maricopa is positioned to strengthen grid reliability while contributing to Arizona’s broader energy transition.

The project is also expected to create significant construction employment and generate local economic benefits.

The total transaction size is $1.7 billion, with CoBank serving as joint lead arranger and committing $125 million, syndicated to Farm Credit System partners. This transaction also marks the beginning of a new relationship with Copia Power, a top-tier sponsor led by an experienced management team with a strong pipeline of advanced-stage projects. The Maricopa Energy Center reflects CoBank’s strategy to support high-impact renewable infrastructure and expand access to clean, reliable power in rural and fast-growing communities.