Doral Renewables Secures $900 Million Financing for Cold Creek Solar + Storage Project

Doral Renewables has secured nearly $900 million in financing commitments for its Cold Creek Solar + Storage project in Texas. The project, which will generate 430 MWac of solar power and 340 MWh of storage, is expected to power 66,000 homes and will be fully constructed by summer 2028. MUFG acted as lead arranger, with Santander, HSBC, Ally, and IDB also participating. The project will also monetize $360 million of Production Tax Credits through a 10-year PTC Tax Credit Transfer Agreement.