Doral Renewables, a U.S. developer, owner and operator of renewable-energy and storage projects, has received a $400 million minority equity investment by Dutch pension APG, on behalf of ABP, the largest Dutch pension fund.
The partnership with APG will accelerate the development and construction of Doral Renewables’ energy pipeline. As part of the transaction, APG will also provide its pro rata share of corporate credit support and funding for the company’s business up to an additional $185 million of capital.
Doral Renewables is an independent power producer (IPP) specializing in partnerships with farming communities across the United States to build large-scale greenfield projects that meaningfully advance the energy transition.
Doral’s existing and under-construction projects include the remaining three phases of its Mammoth Solar complex in Indiana and additional projects in MISO, ERCOT and SERC. The remaining 10 gigawatts of Doral’s portfolio is co
