Doral Lands USD 1.3B for Solar Projects in U.S.
Doral Group, an Israeli renewable energy developer, has secured USD 1.3 billion from a consortium including HSBC, Santander, and KeyBank to advance its Mammoth Solar initiative in Indiana.
Spanning Pulaski and Starke Counties, the three-phase project will deliver 1,600 MW_DC of solar capacity, making it the largest photovoltaic installation in the U.S. and Western Hemisphere. The first phase, Mammoth North, was completed in July 2024 with 480 MW_DC operational.
The project will provide clean electricity to approximately 250,000 households and generate long-term local economic benefits through county payments, tax incentives, and landowner leases. While some opposition has emerged locally, Mammoth Solar signals a transformative leap in U.S. renewable energy infrastructure.
Read more in Globes.
