With up to $185 million in future capital support, APG invests $400 million in Doral Renewables 13 GW project portfolio. (Photo Source: Pixabay)
US-based renewable energy developer Doral Renewables LLC, has secured a $400 million minority equity investment from Dutch pension fund manager APG, acting on behalf of the largest Dutch pension fund, ABP. This investment aims to accelerate Doral’s renewable energy development pipeline. APG will also provide an additional $185 million of capital over time to support corporate credit and funding needs. Doral specializes in large-scale greenfield projects, many of which integrate agrivoltaic techniques to combine solar energy production with traditional farming. Doral’s pipeline includes over 13 GW of projects, with 1.35 GW already under construction, including the Mammoth Solar complex in Indiana.
| Role | Company |
| Placement Agent | Truist Securities |
| Legal Counsel (Doral) | Latham & Watkins LLP |
| Financial Advisor (APG) | Scotiabank |
| Legal Counsel (APG) | Norton Rose Fulbright LLP |
The company currently operates 50 MW of solar capacity and has 283 MW in development in the Valencian region. (Image Source: NextPower UK)
The project will provide renewable energy to 600 residential subscribers, including low- and moderate-income households, at reduced rates. (Image Source: Chaberton Energy)
India, China, and Indonesia will lead APAC’s 57 GW dc floating solar capacity, achieving 31 GW (DC) combined by 2033. (Image Source: SOLARbytes)
EOS Capital Advisors advised Balanced Rock Power in selling its 25 MW solar project to Standard Solar. (Image Source: Standard Solar)