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. Doraloperates 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.
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.
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