The Vidal project is expected to become operational in 2026.
Santander Corporate & Investment Banking served as the coordinating lead arranger, mandated lead arranger, green loan coordinator, lender, and letter of credit issuer. US Bank National Association, through US Bancorp Impact Finance, and Zions Bancorporation, N.A., acted as mandated lead arrangers and lenders, while Siemens Financial Services and Associated Bank, N.A., contributed as managing agents and lenders.
Set to commence operations in 2026, the Vidal project will supply electricity, resource adequacy, and renewable energy certificates to San Diego Community Power under a long-term power purchase agreement. It is expected to generate over $13.5 million in local economic benefits and create up to 260 construction jobs in San Bernardino County.
Aypa Power’s chief financial officer, Marc Atlas, stated: “Closing this large financing for the Vidal project reflects the strong confidence top-tier lenders have in Aypa Power’s ability to deliver grid-scale assets that generate compelling, long-term returns. We appreciate the trust of our lender group as we scale investments to meet California’s growing grid reliability needs.”
In January 2025, Aypa Power also secured $190 million for its Bypass battery energy storage system project in Fort Bend County, Texas. The 200 MW/400 MWh facility, supported by a $68 million construction-to-term loan and a $91 million tax equity bridge loan, addresses regional storage needs and supports grid stability.
The Vidal project underscores Aypa Power’s commitment to advancing renewable energy infrastructure, contributing to sustainable energy goals and fostering economic growth in California through reliable, clean energy solutions.
