Doral Renewables has efficiently closed on $114 million in development debt financing for its Nice Bend Photo voltaic challenge, with HSBC appearing as sole lender.
The challenge is situated on 370 acres in Meigs County, Ohio, roughly 100 miles southeast of Columbus. The corporate says will probably be a ground-mounted single-axis PV system with 48 MW of photo voltaic capability.
“We’re thrilled to have collaborated with HSBC to lift this progressive challenge debt which is able to allow us to deliver Nice Bend Photo voltaic, our first challenge within the Buckeye State, to industrial operation across the finish of 2025,” says Evan Speece, CFO at Doral Renewables. “We sit up for persevering with to work with HSBC and our financing companions extra broadly to deliver clear power from Nice Bend Photo voltaic and the remainder of our rising pipeline to clients all through america.”
