Doral Renewables Secures Final Funding for Great Bend Solar Initiative in Ohio
On March 19, 2026, Doral Renewables, a prominent developer in the utility-scale solar and battery storage sector in the U.S., announced completion of the final funding for its Great Bend Solar Project, situated in Meigs County, Ohio. This significant venture aims to deliver renewable energy capable of powering more than 9,000 homes across America. Furthermore, the project is projected to generate over $400,000 annually in tax revenue for the local community, thus supporting vital services and developments in the region.
The completion of the funding was facilitated by Fifth Third Bank, which offered substantial completion funding, raising the overall tax equity investment in the Great Bend project to upwards of $27 million. Additionally, the project has successfully transferred $35 million in investment tax credits to a third-party buyer. It has successfully repaid more than $38 million in construction debt while issuing approximately $33 million in term debt with banks like HSBC and KeyBank. HSBC has also provided an $8 million letter of credit facility, which underpins the project’s fiscal structure.
These complex financial transactions mark a significant milestone in the long-term financing journey for the Great Bend Solar initiative, and they also highlight Doral Renewables' overall portfolio prowess. Dario Abramskiehn, the Director of Portfolio Finance at Doral, emphasized that this achievement represents not just a goal reached but also a foundation for sustained operations and growth within their renewable energy efforts. Abramskiehn noted, "The final funding at Great Bend is an exciting milestone and a testament to the strength of our partnerships. We are grateful for our talented financing partners who have contributed to this project’s realization, and we take pride in fostering clean, reliable power that decently supports Meigs County economically."
Jon Stark from Fifth Third Bank echoed this sentiment, stating, "We are pleased to partner with Doral on this tax equity financing commitment. Supporting leading platforms like Doral aligns with our future growth objectives, and we are excited to nurture our relationship with them as they continue progressing with their extensive U.S. renewables pipeline."
Doral Renewables, based in Philadelphia, specializes in the development, ownership, and operational management of renewable energy assets throughout the United States. Their solar and storage portfolio now consists of nearly 18 gigawatts, with about 450 megawatts in operation and 1,500 megawatts under construction across 18 states. The company’s focus on community involvement includes integrating agrivoltaics practices, thereby creating additional farming opportunities for local communities that intersect with their solar projects. The Doral Group, Migdal Group, Clean Air Generation, APG, and Apollo Funds are among their notable global partnerships.
For those interested in learning more about Doral Renewables and their projects, visit doral-llc.com, or follow them on social media platforms like LinkedIn and Facebook for the latest updates. This initiative’s launch carries significant implications not just for clean energy generation but also for sustaining community welfare and promoting economic growth in Meigs County and beyond.
The completion of the funding was facilitated by Fifth Third Bank, which offered substantial completion funding, raising the overall tax equity investment in the Great Bend project to upwards of $27 million. Additionally, the project has successfully transferred $35 million in investment tax credits to a third-party buyer. It has successfully repaid more than $38 million in construction debt while issuing approximately $33 million in term debt with banks like HSBC and KeyBank. HSBC has also provided an $8 million letter of credit facility, which underpins the project’s fiscal structure.
These complex financial transactions mark a significant milestone in the long-term financing journey for the Great Bend Solar initiative, and they also highlight Doral Renewables' overall portfolio prowess. Dario Abramskiehn, the Director of Portfolio Finance at Doral, emphasized that this achievement represents not just a goal reached but also a foundation for sustained operations and growth within their renewable energy efforts. Abramskiehn noted, "The final funding at Great Bend is an exciting milestone and a testament to the strength of our partnerships. We are grateful for our talented financing partners who have contributed to this project’s realization, and we take pride in fostering clean, reliable power that decently supports Meigs County economically."
Jon Stark from Fifth Third Bank echoed this sentiment, stating, "We are pleased to partner with Doral on this tax equity financing commitment. Supporting leading platforms like Doral aligns with our future growth objectives, and we are excited to nurture our relationship with them as they continue progressing with their extensive U.S. renewables pipeline."
Doral Renewables, based in Philadelphia, specializes in the development, ownership, and operational management of renewable energy assets throughout the United States. Their solar and storage portfolio now consists of nearly 18 gigawatts, with about 450 megawatts in operation and 1,500 megawatts under construction across 18 states. The company’s focus on community involvement includes integrating agrivoltaics practices, thereby creating additional farming opportunities for local communities that intersect with their solar projects. The Doral Group, Migdal Group, Clean Air Generation, APG, and Apollo Funds are among their notable global partnerships.
For those interested in learning more about Doral Renewables and their projects, visit doral-llc.com, or follow them on social media platforms like LinkedIn and Facebook for the latest updates. This initiative’s launch carries significant implications not just for clean energy generation but also for sustaining community welfare and promoting economic growth in Meigs County and beyond.
Topics Energy）
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