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Doral Renewables Secures Tax Equity Financing for Great Bend Solar Project
Doral Renewables LLC ("Doral Renewables") has successfully closed tax equity financing for its Great Bend solar project. Fifth Third Bank committed to invest up to $30 million of tax equity into the project. Doral Renewables and Fifth Third will also both receive proceeds from a tax credit transfer transaction to be completed later this year.
About this update from Doral Group Renewable Energy Resources Ltd
[{"type":"text","content":"PHILADELPHIA, April 29, 2025 /PRNewswire/ -- Doral Renewables LLC ("Doral Renewables") has successfully closed tax equity financing for its Great Bend solar project. Fifth Third Bank committed to invest up to $30 million of tax equity into the project. Doral Renewables and Fifth Third will also both receive proceeds from a tax credit transfer transaction to be completed later this year.","length":399,"tagName":"p"},{"type":"image","alt":"The Great Bend Solar project, currently under construction. Image courtesy of Doral Renewables LLC","displaySize":"","headline":null,"caption":"The Great Bend Solar project, currently under construction. Image courtesy of Doral Renewables LLC","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":215,"url":"https://media.zenfs.com/en/prnewswire.com/2c8e4bd783c716eed534a65184dfb039"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/iQgf_MFn.D3633PP3.mhAw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM3OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/2c8e4bd783c716eed534a65184dfb039","width":400,"height":215}},"href":"https://mma.prnewswire.com/media/2675275/Doral_Renewables_LLC.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Great Bend project is located in Meigs County, Ohio, approximately 100 miles southeast of Columbus, and near the southwestern border between Ohio and West Virginia. The project will be a ground-mounted single-axis PV system and once completed it will have 48 MWac of solar power generating capacity. Doral expects that the facility will power approximately 9,000 homes once in operation. The project will generate revenue both from energy and renewable energy certificates via a long-term Power Purchase Agreement (PPA) with one of the largest investor-owned utilities in the U.S. Furthermore, the Great Bend project will provide a major economic uplift for the Meigs County, with over $400,000 per year of new annual tax revenue. Doral Renewables expects that the Great Bend project will reach commercial operations during the fourth quarter of 2025.","length":855,"tagName":"p"},{"type":"text","content":""We are proud to support Doral as lead on the tax equity financing for Great Bend," said Jon Stark, corporate banking managing director and group head of renewables at Fifth Third. "Supporting premier platfo...
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