Key Takeaways
- Doral Renewables secured a $400 million common equity investment from Doral Group Renewable Energy Resources Ltd. (TASE: DORL), announced August 10, 2026.
- The investment adds to Doral Group’s existing ownership stake in the Philadelphia-based developer.
- Doral Renewables develops, owns, and operates utility-scale solar and battery storage across the United States.
- Its pipeline exceeds 17 GW in development, with about 450 MW operating and nearly 1,500 MW under construction across 16 states and five electricity markets.
- Proceeds will speed deployment and support a capital formation strategy aimed at meeting Safe Harbor timelines.
Doral Renewables has closed a $400 million common equity investment led by its existing backer, Doral Group Renewable Energy Resources Ltd. (TASE: DORL), the companies said on August 10, 2026. The capital adds to Doral Group’s ownership position in the US solar and storage developer and is aimed at accelerating new project deployment.
Doral Renewables Lands $400 Million Equity Investment
The financing is structured as common equity and builds on Doral Group’s existing stake rather than replacing it. As part of the transaction, Clean Air Generation LLC — an entity tied to chief executive Nick Cohen — exchanged its membership interests for a mix of cash and Doral Group stock. Cohen continues as CEO.
Who Backed the Deal
Alongside Doral Group, the company’s ownership includes Migdal Group, APG, and Apollo. The developer said the fresh capital supports a capital formation strategy designed to meet Safe Harbor timelines, which govern eligibility for federal tax incentives, and to fund additional megawatts across the country.
Inside Doral Renewables’ US Solar and Storage Pipeline
Based in Philadelphia, Doral Renewables develops, owns, and operates utility-scale solar and battery storage assets. Its portfolio spans more than 17 GW in development, roughly 450 MW already operating, and nearly 1,500 MW under construction across 16 states and five electricity markets. Much of that renewable energy build-out sits on farmland leased from rural landowners.
Farmland Partnerships Anchor the Model
The company pairs large solar projects with continued agricultural land use, an approach linked to agrivoltaics. “Our investors believe in our commitment to farmers and farming communities. Farms are sophisticated businesses that make great partners,” said Nick Cohen, Chief Executive Officer and Co-Founder of Doral Renewables.
