{"id":1201,"date":"2025-05-20T11:25:02","date_gmt":"2025-05-20T11:25:02","guid":{"rendered":"https:\/\/pst.inthemaking.be\/pst\/blog\/2025\/05\/20\/doral-finalizes-1-5b-financing-for-indiana-s-mammoth-solar-project-power-systems-technology-news\/"},"modified":"2025-06-30T17:43:38","modified_gmt":"2025-06-30T17:43:38","slug":"doral-finalizes-1-5b-financing-for-indiana-s-mammoth-solar-project-power-systems-technology-news","status":"publish","type":"post","link":"https:\/\/pst.inthemaking.be\/pst\/doral-finalizes-1-5b-financing-for-indiana-s-mammoth-solar-project-power-systems-technology-news\/","title":{"rendered":"Doral Finalizes $1.5B Financing for Indiana\u2019s Mammoth Solar Project"},"content":{"rendered":"<h5 data-start=\"203\" data-end=\"561\"><strong data-start=\"203\" data-end=\"227\">Doral Renewables LLC<\/strong> has closed $1.5 billion in construction and tax equity financing to complete the next three phases of its <strong data-start=\"334\" data-end=\"351\">Mammoth Solar<\/strong> project in <strong data-start=\"363\" data-end=\"390\">Pulaski County, Indiana<\/strong>. The three solar projects\u2014<strong data-start=\"417\" data-end=\"434\">Mammoth South<\/strong>, <strong data-start=\"436\" data-end=\"457\">Mammoth Central I<\/strong>, and <strong data-start=\"463\" data-end=\"485\">Mammoth Central II<\/strong>\u2014will each generate 300 MWac and are part of the broader 1.3 GW development.<\/h5>\n<p>&nbsp;<\/p>\n<p class=\"\" data-start=\"563\" data-end=\"875\">The solar installations will feature ground-mounted single-axis PV systems, using over <strong data-start=\"650\" data-end=\"687\">1 million U.S.-made solar modules<\/strong> and approximately <strong data-start=\"706\" data-end=\"738\">20,000 tons of Indiana steel<\/strong>, contributing significantly to the local economy. Upon completion, the site is expected to power around <strong data-start=\"843\" data-end=\"874\">275,000 households annually<\/strong>.<\/p>\n<p class=\"\" data-start=\"877\" data-end=\"1209\">The projects will integrate <strong data-start=\"905\" data-end=\"921\">agrivoltaics<\/strong>, enabling dual land use for both energy generation and agricultural practices like livestock grazing and crop production. <strong data-start=\"1044\" data-end=\"1055\">Doral\u2019s<\/strong> agrivoltaic initiatives have already earned recognition, winning the <strong data-start=\"1125\" data-end=\"1156\">&#8220;Dual-Use Plan of the Year&#8221;<\/strong> award at the <strong data-start=\"1170\" data-end=\"1208\">North American Agrivoltaics Awards<\/strong>.<\/p>\n<p class=\"\" data-start=\"1211\" data-end=\"1471\">The $1.3 billion debt package was led by <strong data-start=\"1252\" data-end=\"1279\">KeyBanc Capital Markets<\/strong>, <strong data-start=\"1281\" data-end=\"1300\">Banco Santander<\/strong>, and <strong data-start=\"1306\" data-end=\"1323\">HSBC Bank USA<\/strong>, with an additional $200 million tax equity commitment from <strong data-start=\"1384\" data-end=\"1399\">Truist Bank<\/strong>. The three projects are scheduled to become operational by <strong data-start=\"1459\" data-end=\"1470\">Q4 2026<\/strong>.<\/p>\n<p class=\"\" data-start=\"1473\" data-end=\"1629\">Advisory and legal support included <strong data-start=\"1509\" data-end=\"1537\">Marathon Capital Markets<\/strong>, <strong data-start=\"1539\" data-end=\"1565\">McDermott Will &amp; Emery<\/strong>, <strong data-start=\"1567\" data-end=\"1580\">CCA Group<\/strong>, <strong data-start=\"1582\" data-end=\"1597\">Milbank LLP<\/strong>, and <strong data-start=\"1603\" data-end=\"1628\">Norton Rose Fulbright<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<footer>\n<p><em>Source:&nbsp;prnewswire.com<\/em><\/p>\n<\/footer>\n","protected":false},"excerpt":{"rendered":"<p>Doral Renewables LLC has closed $1.5 billion in construction and tax equity financing to complete the next three phases of its Mammoth Solar project in Pulaski County, Indiana. The three solar projects\u2014Mammoth South, Mammoth Central I, and Mammoth Central II\u2014will each generate 300 MWac and are part of the broader 1.3 GW development. &nbsp; The [&hellip;]<\/p>\n","protected":false},"author":3090,"featured_media":1202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[808],"tags":[782],"class_list":["post-1201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-news","tag-pstus"],"acf":[],"_links":{"self":[{"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/posts\/1201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/users\/3090"}],"replies":[{"embeddable":true,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/comments?post=1201"}],"version-history":[{"count":1,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/posts\/1201\/revisions"}],"predecessor-version":[{"id":7415,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/posts\/1201\/revisions\/7415"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/media\/1202"}],"wp:attachment":[{"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/media?parent=1201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/categories?post=1201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pst.inthemaking.be\/pst\/wp-json\/wp\/v2\/tags?post=1201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}