Doral Renewables secures $100 million HSBC credit facility for US projects

HSBC provided Doral Renewables a $100 million credit facility, raising its total capacity to $285 million, with backing from Doral Group, Migdal, APG, Apollo.

By Nandini Yelabaka 02 May 2025 | Updated On 02 May 2025 21:21 IST in Business Bytes America Bytes

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Doral has over 16 GW in its US pipeline, including 400 MW operating and 950 MW under construction across seven power markets. Image Source: Doral Renewables

Philadelphia-based Doral Renewables LLC, has secured a $100 million corporate letter of credit facility from HSBC, adding to its existing $185 million capacity, bringing the total to $285 million. The funds will primarily support new interconnection and power purchase agreement obligations during project development. Doral operates across 20 USstates with a portfolio of over 16 GW, including 400 MW in operation and 950 MW under construction. The company has secured over $2.5 billion in long-term wholesale power purchase agreements and is backed by global investors such as Doral Group, Migdal Group, Clean Air Generation, APG, and Apollo Global Management.

#US #EnergyFunding #SolarProjects #DoralRenewables

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