Doral is developing an 11 GWac wind, solar, and storage portfolio across 20 states, eight electricity markets and covering approximately 100,000 acres of land. company owned by Doral Renewable Energy Resources Group (TASE:DORL, “Doral Group”), a publicly traded Israeli renewable energy company, Migdal Group, Israel’s largest insurance company and pension manager, and U.S. “We look forward to continuing to work with our financing partners to bring clean energy from the other stages of Mammoth, and the rest of our growing pipeline, to customers throughout the United States.”ĭoral is a U.S. “Doral is thrilled to have collaborated with Deutsche Bank to raise this important piece of capital which will enable us to bring Mammoth North to commercial operation as expected in 2023,” said Evan Speece, Chief Financial Officer at Doral Renewables LLC. “We are proud to support Doral with this financing and to have partnered with their world class development team and furthered DB’s commitment to Sustainable Financing,” said Jeremy Eisman, head of Infrastructure & Energy Financing and Structuring at Deutsche Bank. Doral expects that the facility will power approximately 75,000 Midwestern homes once in operation. Mammoth North will generate energy and renewable energy certificate revenue via its long-term Power Purchase Agreement (PPA) with AEP Energy Partners, Inc., a subsidiary of American Electric Power (Nasdaq: AEP), one of the largest investor-owned utilities in the U.S., providing AEP’s consumers with clean energy. This advertisement has not loaded yet, but your article continues below.
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