Project Finance Brief: Doral Renewables Closes Funding for the Great Bend Solar Project

Stonepeak to acquire 46.3% stake in 777 MW solar and storage project portfolio

May 7, 2025

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Doral Renewables, a utility-scale renewable energy project developer, closed tax equity funding for its Great Bend solar project. Fifth Third Bank committed to investing up to $30 million of tax equity into the project. Located in Meigs County, Ohio, the 48 MWac project features a ground-mounted, single-axis PV system and is expected to be operational by Q4 2025. Doral Renewables and Fifth Third are also set to receive proceeds from a tax credit transfer transaction that will be finalized later this year.

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