PHILADELPHIA, June 24, 2024 (GLOBE NEWSWIRE) — Doral Renewables LLC (”Doral Renewables” or “the Company”), a leading U.S. developer, owner, and operator of renewable energy and storage projects, announced today a $400 million minority equity investment by Dutch pension APG on behalf of the largest Dutch pension fund ABP. The investment by and partnership with APG will accelerate the development and construction of Doral Renewables’ energy pipeline. As part of the transaction, APG will also provide its pro rata share of corporate credit support and funding for the Company’s business up to an additional $185 million of capital over time.
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(GlobeNewsWire)