Doral Renewables secures over $103 million in final funding for Great Bend Solar project in Ohio

Type: Financing · Technology: Solar · Country: United States · Announced: 2026-03-20

Doral Renewables completed final funding for its Great Bend Solar project located in Meigs County, Ohio, securing over $103 million in total capital. The financing package included more than $27 million in tax equity investment, with Fifth Third Bank participating in this component. Additionally, approximately $33 million in term debt was issued by HSBC and KeyBank, alongside an $8 million letter of credit facility provided by HSBC. The project also generated $35 million from the sale of investment tax credits to an unnamed third-party buyer. This funding milestone enabled the repayment of over $38 million in construction debt, bringing the project into operation. The Great Bend Solar project is expected to generate enough clean electricity to power more than 9,000 homes and contribute over $400,000 annually in new tax revenue to Meigs County.

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