Doral Renewables Secures $114 Million Debt Financing for Solar Project
The construction and operation of the solar project will represent Doral's first such investment in the state of Ohio.
March 25, 2024
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Doral Renewables, a utility-scale renewable energy project developer, closed a construction debt facility for its Great Bend solar project. The company secured $114 million in financing from the sole lender, HSBC, for the project, which consists of a $36 million construction-to-term loan facility, a $57 million tax equity bridge loan, and a $21 million letter of credit facility.
