US EditionAypa Power Closes $535 Million to Advance California Solar and Energy Storage Hybrid Project
- On May 12, 2025, Aypa Power secured $535 million in debt funding to support the development of its 320-megawatt Vidal solar-plus-storage project located in California.
- This financing reflects growing investment to meet California's increasing grid reliability needs amid the state's goal of 100% carbon-free electricity by 2045.
- The Vidal project pairs a 160 MW solar facility with a 160 MW / 640 MWh battery storage system and is set to deliver reliable clean energy to San Diego Community Power.
- The project is anticipated to create as many as 260 construction jobs and deliver in excess of $13.5 million in economic advantages to the local community, while operating through a long-term agreement for purchasing power.
- Aypa Power, a Blackstone portfolio company, intends for Vidal to bolster California’s grid reliability as it comes online in 2026, with CFO Marc Atlas expressing lender confidence in the project.
31 Articles
31 Articles
Denton Record-Chronicle
Aypa Power Closes $535 Million to Advance California Solar and Energy Storage Hybrid Project
AUSTIN, Texas, May 12, 2025 /PRNewswire/ - Aypa Power, a Blackstone portfolio company and leading developer, owner, and operator of utility-scale energy storage and hybrid renewable energy projects, today announced it has closed $535 million in debt financing to advance…
Aypa Power Secures $535M To Push Forward California Solar And Storage Hybrid Project
Aypa Power, a portfolio company of Blackstone and a key player in utility-scale energy storage and hybrid renewable energy development, has secured \$535 million in debt financing for its upcoming […] The post Aypa Power Secures $535M To Push Forward California Solar And Storage Hybrid Project appeared first on SolarQuarter.
Aypa Power closes $535 million for California utility-scale solar project
The Blackstone portfolio company will develop a 160 MW solar project with co-located battery energy storage.Aypa Power, a portfolio company of Blackstone, announced it closed $535 million in debt financing for a solar and energy storage project in California. The developer owner, and operator will use the funds to develop a 160 MW solar project with 160 MW, 640 MWh battery energy storage hybrid co-located project. Located in San Bernadino County…
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