#USA #Goldman Sachs #Philadelphia #Doral Renewables #Nick Cohen

Nick Cohen of Doral Renewables Receives High Honor

In a remarkable recognition of his contributions, Nick Cohen, the CEO of Doral Renewables, has been honored by Goldman Sachs as one of the Most Exceptional Entrepreneurs of 2025. This accolade was presented to him during the Builders and Innovators Summit held in Healdsburg, California.

Cohen’s selection was not made lightly; it follows an impressive year for Doral Renewables, which has achieved several major milestones. These achievements include securing over $1.5 billion in project financing and establishing pivotal agreements such as a Power Purchase Agreement (PPA) for the Cold Creek Solar project in Texas. Furthermore, Doral successfully closed a $100 million Letter of Credit Facility and received a $30 million Tax Equity investment for its Great Bend Solar project in Ohio.

In addition to financial successes, Doral Renewables has entered into a strategic partnership with the American Farmland Trust. This collaboration aims to implement agrivoltaics practices, which combine energy production with agricultural endeavors, further enhancing sustainability efforts across their operational pipeline.

As Cohen expressed, "I am honored to be recognized by Goldman Sachs for our company's efforts to drive energy dominance by injecting a large capacity of reliable, affordable energy into the grid, all while driving economic prosperity in our communities and supporting the return of heritage farming to family farms. Joining a terrific group of leaders and visionaries at Goldman Sachs's discussion is an opportunity I cherish and for which I am thankful. I am very optimistic for what’s to come and excited to contribute my part.” This sentiment reflects Cohen’s commitment to both energy and community growth.

David Solomon, Chairman and CEO of Goldman Sachs, also emphasized Cohen’s impact, stating, “We are pleased to recognize Nick Cohen as one of the most exceptional entrepreneurs of 2025. The Doral Renewables team has not only built a successful enterprise; they are redefining industry paradigms.” His remarks underline the significant role that Doral Renewables is playing in shaping the future of the energy sector.

Taking place in its 14th year, the Builders and Innovators Summit remains an essential event for prominent business figures, including founders and CEOs of high-growth companies. Previous honorees at this summit have transitioned to lead multi-billion dollar enterprises across both private and public markets. Throughout the summit, attendees engage in conversations focused on the next frontiers of business, with seasoned entrepreneurs and business leaders providing insights and mentoring.

About Doral Renewables

Doral Renewables is a Philadelphia-based developer, owner, and operator of renewable energy assets operating throughout the United States. The company boasts a solar and storage development portfolio nearing 18 GW, which includes 400 MW currently operational and 950 MW under construction. Doral operates in 21 states, contributing significantly to various electricity markets.

Doral’s focus extends beyond energy production; it emphasizes community involvement, aiming to integrate agrivoltaic practices in its projects, thereby unlocking new opportunities for farming communities. The company has secured nearly $3 billion in long-term wholesale power purchase agreements with U.S. customers. Doral Renewables collaborates with several global partners, including the Doral Group (TASE DORL), Migdal Group (TASE MGDL), Clean Air Generation, APG, and Apollo Funds.

As sustainable practices gain traction worldwide, Doral Renewables stands at the forefront, providing innovative solutions that align energy generation with agricultural sustainability. To learn more about its initiatives and projects, visit doral-llc.com.

About Goldman Sachs

Founded in 1869, Goldman Sachs is a leading global financial institution providing a wide array of financial services to a diverse clientele that includes corporations, financial institutions, governments, and individuals. Headquartered in New York, the firm continues to maintain a presence in key financial centers globally, reinforcing its commitment to delivering exceptional value to its customers.