Doral Renewables receives USD 400m investment from APG
Categories: Projects & Energy
Doral Renewables LLC, a leading U.S. developer, owner, and operator of renewable energy and storage projects, announced a USD400 million minority equity investment by Dutch pension APG, on behalf of the largest Dutch pension fund ABP.
Doral is a U.S.-based joint venture owned by the Doral Renewal Energy Resources Group, a publicly traded Israeli renewable energy company, together with Migdal Group, Israel’s largest insurance company and pension manager, and other U.S. co-owners.
Doral is the developer of what is touted to be the US’ ‘largest’ solar PV project, the 1.65GW mammoth site in Indiana.
Latham & Watkins LLP served as legal counsel to Doral in connection with the transaction. Norton Rose Fulbright LLP served as legal counsel to APG.