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 |
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