Project Finance Brief: Doral Renewables Secures $1.5 Billion for Solar Project

Deriva Energy secures $127 million financing for solar and wind projects

May 28, 2025

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Doral Renewables, a utility-scale renewable energy project developer, secured $1.5 billion in construction project financing for the Mammoth South, Mammoth Central I, and Mammoth Central II solar projects in Pulaski County, Indiana. All three projects have a generation capacity of 300 MWac each and form part of the larger 1.3 GW Mammoth Solar project. The projects are ground-mounted single-axis PV systems, under construction, and expected to begin commercial operation in Q4 2026.

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