Aypa Power secures $535 million to finance the 320 MW Vidal solar-plus-storage project
Type: Financing · Technology: Solar, Storage · Country: United States · Capacity: 320 MW · Value: $535M · Announced: 2025-05-16
Aypa Power closed $535 million in debt financing to develop the 160 MW solar + 160 MW/640 MWh battery Vidal hybrid project in San Bernardino County, California, which has a long-term PPA with San Diego Community Power and is expected online in 2026.
Counterparties
- San Diego Community Power (Offtaker)
- Aypa Power (Developer)
- Associated Bank, N.A (Lender)
- Siemens Financial Services (Lender)
- Santander Corporate & Investment Banking (Lender)
- U.S. Bank National Association (through U.S. Bancorp Impact Finance) (Lender)
- Zions Bancorporation, N.A (Lender)
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