Doral Renewables Archives - Mercom Capital Group

Doral Renewables Secures Debt Financing for Mammoth Solar Project

September 05
Staff
Solar

Doral Renewables, a utility-scale renewable energy developer, announced closing a debt financing package to support the initial construction of the remaining phases of the Mammoth

Invenergy Secures $1.1 Billion Financing for Three Solar Projects

Project Finance Brief: Recurrent Energy Acquires 420 MW Solar Portfolio in Spain

March 27
Staff
Solar, Storage

Recurrent Energy, a global developer, owner, and operator of solar and energy storage and a subsidiary of Canadian Solar, announced the acquisition of a solar

Funding and M&A Roundup: SmartSolar Raises $1.8 Million in Seed Funding ORIT secures $125 million five-year term loan facility SmartSolar, a rooftop solar solution provider, has raised $1.85 million in seed funding. The funding was led by Picus Capital and 2degrees, along with participation from early-stage venture capital firm Iterative. With this funding, the company plans to accelerate its growth in Vietnam and expand its footprint across Southeast Asia. The company offers rooftop solar solutions designed to help businesses cut down on electricity costs. Octopus Renewables Infrastructure Trust, an investment company, announced that it has signed a £100 million (~$125 million) five-year term loan facility with three of its existing lenders, Santander, National Australia Bank, and Allied Irish Banks. The funding will be used to pay down a portion of the existing and more expensive Revolving Credit Facility (RCF) debt. According to ORIT, it has drawn £151.2 million (~$191 million) on the RCF so far. Vidyut, an electric vehicle ecosystem platform, has raised $2.5 million in funding from global investor Flourish Ventures. The company will utilize the acquired funds to expand its Battery-as-a-Service offering in passenger and commercial EV segments. By unbundling batteries from EVs and offering them on a pay-per-km subscription basis, Vidyut claimed it had reduced upfront electric three-wheeler costs by 35-40%. For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here. Read last week's funding roundup. Tags: Vidyut, Octopus Renewables Infrastructure Trust, SmartSolar, solar, funding

Doral Renewables Secures $114 Million Debt Financing for Solar Project

March 25
Staff
Solar

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

Doral Renewables Secures $392 Million for Solar Project in the US

June 16
Staff
Solar

U.S.-based Doral Renewables, a renewable energy development arm of Israel-based Doral Group, secured $392 million project financing for Mammoth North, the first phase of Doral’s

Migdal Insurance Acquire a 22.5% Stake in 300 MW Mammoth Solar II Project in Indiana

Migdal Insurance to Acquire a 22.5% Stake in 300 MW Mammoth Solar II Project in Indiana

February 01
Ranjitha S
Solar

Israel-based Migdal Insurance, an insurance company, has agreed to buy a 22.5% stake in Doral Renewables’ 300 MW Mammoth Solar II photovoltaic project in Indiana.