Doral Renewables LLC has finalized construction debt financing for its Great Bend Solar project, securing USD 114 million in funding from HSBC as the sole lender. This financing includes a USD 36 million construction-to-term loan, a USD 57 million tax equity bridge loan, and a USD 21 million letter of credit facility. Located on 370 acres in Meigs County, Ohio, approximately 100 miles southeast of Columbus, the Great Bend Solar project will feature a ground-mounted single-axis PV system with a capacity of 48 MW of solar power. Once operational, it is anticipated to power around 9,000 homes and contribute over USD 400,000 annually in new tax revenue to Meigs County.
Doral Renewables secures USD114 Million for Great Bend Solar Project
Doral Renewables, secures USD 114 million financing from HSBC for renewable energy expansion (Image Credit: Pexels)
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