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Former Indiana Governor Holcomb Joins Doral Renewables Board of Directors

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Doral Renewables, a major renewable energy developer, has appointed former Indiana Governor Eric J. Holcomb to its board of directors. The company operates a 14 GW development portfolio, including the notable 1.3 GW Mammoth Solar project in Indiana and 1.2 GW Vista Sands Solar in Wisconsin, collectively powering 500,000 Midwestern households.

The Mammoth Solar project significantly impacts Indiana's economy by using 20,000 tons of local steel and contributing over $40 million to local municipalities through taxes and development payments. The company implements innovative dual-use practices, combining solar energy with agriculture, currently supporting 2,000 livestock grazing and food crop cultivation within the project area.

Doral Renewables operates in 20 states across seven electricity markets, with 400 MW currently operational and 950 MW under construction. The company has secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers.

Doral Renewables, un importante sviluppatore di energia rinnovabile, ha nominato l'ex governatore dell'Indiana Eric J. Holcomb nel suo consiglio di amministrazione. L'azienda gestisce un portafoglio di sviluppo di 14 GW, inclusi i noti progetti Mammoth Solar da 1,3 GW in Indiana e Vista Sands Solar da 1,2 GW in Wisconsin, che alimentano complessivamente 500.000 famiglie del Midwest.

Il progetto Mammoth Solar ha un impatto significativo sull'economia dell'Indiana, utilizzando 20.000 tonnellate di acciaio locale e contribuendo con oltre 40 milioni di dollari ai comuni locali attraverso tasse e pagamenti per lo sviluppo. L'azienda implementa pratiche innovative di uso duale, combinando energia solare con agricoltura, supportando attualmente 2.000 capi di bestiame e la coltivazione di colture alimentari nell'area del progetto.

Doral Renewables opera in 20 stati in sette mercati elettrici, con 400 MW attualmente operativi e 950 MW in costruzione. L'azienda ha assicurato oltre 2,5 miliardi di dollari in contratti di acquisto di energia all'ingrosso a lungo termine con clienti statunitensi.

Doral Renewables, un importante desarrollador de energía renovable, ha nombrado al exgobernador de Indiana Eric J. Holcomb en su junta directiva. La empresa opera un portafolio de desarrollo de 14 GW, incluyendo los notables proyectos Mammoth Solar de 1.3 GW en Indiana y Vista Sands Solar de 1.2 GW en Wisconsin, que en conjunto alimentan a 500,000 hogares del Medio Oeste.

El proyecto Mammoth Solar tiene un impacto significativo en la economía de Indiana al utilizar 20,000 toneladas de acero local y contribuir con más de 40 millones de dólares a los municipios locales a través de impuestos y pagos por desarrollo. La empresa implementa prácticas innovadoras de uso dual, combinando energía solar con agricultura, apoyando actualmente a 2,000 ganado y el cultivo de alimentos en el área del proyecto.

Doral Renewables opera en 20 estados a través de siete mercados eléctricos, con 400 MW actualmente operativos y 950 MW en construcción. La empresa ha asegurado más de 2.5 mil millones de dólares en contratos de compra de energía mayorista a largo plazo con clientes en EE. UU.

Doral Renewables는 주요 재생 에너지 개발업체로, 인디애나주 전 주지사 Eric J. Holcomb를 이사로 임명했습니다. 이 회사는 14 GW의 개발 포트폴리오를 운영하며, 인디애나의 1.3 GW Mammoth Solar 프로젝트와 위스콘신의 1.2 GW Vista Sands Solar 프로젝트를 포함하여, 총 500,000개의 중서부 가정에 전력을 공급하고 있습니다.

Mammoth Solar 프로젝트는 20,000톤의 지역 강철을 사용하고, 세금 및 개발 비용을 통해 지역 자치단체에 4천만 달러 이상을 기여함으로써 인디애나 경제에 상당한 영향을 미칩니다. 이 회사는 농업과 결합된 태양광 에너지를 활용하는 혁신적인 이중 용도 관행을 구현하고 있으며, 현재 프로젝트 지역 내에서 2,000마리의 가축 방목과 식량 작물 재배를 지원하고 있습니다.

Doral Renewables는 20개 주에서 7개의 전력 시장에서 운영되며, 현재 400 MW가 운영 중이고 950 MW가 건설 중입니다. 이 회사는 미국 고객과의 장기 도매 전력 구매 계약을 통해 25억 달러 이상을 확보했습니다.

Doral Renewables, un important développeur d'énergie renouvelable, a nommé l'ancien gouverneur de l'Indiana Eric J. Holcomb à son conseil d'administration. L'entreprise gère un portefeuille de développement de 14 GW, y compris le notable projet Mammoth Solar de 1,3 GW en Indiana et Vista Sands Solar de 1,2 GW au Wisconsin, alimentant collectivement 500 000 foyers du Midwest.

Le projet Mammoth Solar a un impact significatif sur l'économie de l'Indiana en utilisant 20 000 tonnes d'acier local et en contribuant à hauteur de plus de 40 millions de dollars aux municipalités locales par le biais de taxes et de paiements de développement. L'entreprise met en œuvre des pratiques innovantes d'utilisation duale, combinant l'énergie solaire avec l'agriculture, soutenant actuellement 2 000 têtes de bétail et la culture de denrées alimentaires dans la zone du projet.

Doral Renewables opère dans 20 États à travers sept marchés électriques, avec 400 MW actuellement opérationnels et 950 MW en construction. L'entreprise a sécurisé plus de 2,5 milliards de dollars en contrats d'achat d'électricité en gros à long terme avec des clients américains.

Doral Renewables, ein bedeutender Entwickler erneuerbarer Energien, hat den ehemaligen Gouverneur von Indiana Eric J. Holcomb in seinen Vorstand berufen. Das Unternehmen betreibt ein Entwicklungsportfolio von 14 GW, einschließlich des bemerkenswerten Projekts Mammoth Solar mit 1,3 GW in Indiana und Vista Sands Solar mit 1,2 GW in Wisconsin, die zusammen 500.000 Haushalte im Mittleren Westen mit Strom versorgen.

Das Mammoth Solar-Projekt hat einen erheblichen Einfluss auf die Wirtschaft von Indiana, indem es 20.000 Tonnen lokaler Stahl verwendet und über 40 Millionen Dollar an lokale Gemeinden durch Steuern und Entwicklungsauszahlungen beiträgt. Das Unternehmen implementiert innovative Dual-Use-Praktiken, die Solarenergie mit Landwirtschaft kombinieren und derzeit 2.000 Rinderweide und den Anbau von Nahrungsmitteln im Projektgebiet unterstützen.

Doral Renewables ist in 20 Bundesstaaten in sieben Strommärkten tätig, mit 400 MW derzeit in Betrieb und 950 MW im Bau. Das Unternehmen hat über 2,5 Milliarden Dollar in langfristigen Großhandelsstromkaufverträgen mit US-Kunden gesichert.

Positive
  • Significant project portfolio of 14 GW in development
  • Secured over $2.5 billion in long-term power purchase agreements
  • Strong operational presence with 400 MW running and 950 MW under construction
  • Innovative dual-use land strategy combining solar and agriculture
  • Mammoth Solar project to generate $40 million in local economic benefits
Negative
  • None.

PHILADELPHIA, March 20, 2025 /PRNewswire/ -- Doral Renewables LLC, a leading developer, owner, and operator of renewable energy projects, has announced the appointment of former Indiana Governor Eric J. Holcomb to its board of directors. Holcomb recently completed his eight-year term as the 51st Governor of Indiana, during which the state saw record-breaking investments and job creation.

Doral Renewables, an independent power producer, specializes in greenfield development of utility scale renewable energy projects. Its 14 gigawatt (GW) pipeline includes projects such as the 1.3 GW Mammoth Solar in Indiana and the 1.2 GW Vista Sands Solar project in Wisconsin. These two projects alone will power 500,000 Midwestern households.

The company's Mammoth Solar project in Indiana impacts the Hoosier state's economy by tapping into Indiana's leading industries, including utilizing approximately 20,000 tons of Indiana steel. The project is also expected to contribute over $40 million to local municipalities through taxes and economic development payments. One of Doral's primary efforts focuses on implementing dual-use practices that allow solar energy and farming to co-exist on the same land, offering local family farms the opportunity to increase profitability, and promote food production and heritage farming. Mammoth Solar currently features 2,000 livestock grazing within the project's perimeter and the cultivation of several food crops.

"Governor Holcomb brings decades of exceptional experience in policymaking and economic development. His vision and leadership have resulted in record-breaking investments in Indiana," stated Nick Cohen, President and CEO of Doral Renewables. "His innovative mindset aligns with our farmer community, especially as we continue to enhance our agrivoltaics deployment efforts, benefiting both the national grid by diversifying energy resources and cost reduction as well as local farmers by maximizing land use and creating additional revenue streams."

"I couldn't be more excited to join the relationship-centric team at Doral Renewables", said Holcomb. "Doral's world-class vision and mission are both critically important to meet the communities' needs and provide them with economic opportunities and increased energy demand we are going to experience in the upcoming years. I look forward to strategically assisting Doral as the months and years unfold."

About Doral Renewables
Doral Renewables is a Philadelphia-based developer, owner, and operator of renewable energy assets throughout the United States. Our solar and storage development portfolio exceeds 14 GW, which includes 400 MW currently in operation and 950 MW under construction. Doral Renewables operates in 20 states and across seven electricity markets. With a strong focus on community engagement, we aim to integrate agrivoltaics practices throughout our pipeline, creating additional opportunities for farming communities. We have secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers. Our global management and leadership team includes the Doral Group (TASE: DORL), Migdal Group (TASE: MGDL), Clean Air Generation, APG, and Apollo Global Management (NYSE: APO). Learn more at doral-llc.com and follow us on LinkedIn and Facebook.

Governor Eric J. Holcomb
Eric J. Holcomb most recently served as the 51st Governor of the State of Indiana. Holcomb is a lifelong Hoosier, born in Indianapolis, Indiana, graduated from Pike High School and Hanover College in southeastern Indiana. He went on to serve six years of active duty in the U.S. Navy, first at Naval Station Great Lakes , and later at Naval Air Station Cecil Field, Florida, and then overseas at CINCIBERLANT NATO Command in Portugal. Holcomb was a trusted advisor to both Governor Mitch Daniels and Senator Dan Coats and served as a former state chairman of the Indiana Republican Party. He just finished serving in his second term as governor having been elected in 2016 and 2020 when he received the most votes for governor in Indiana history. Prior to his election as governor, Holcomb served as Indiana's 51st Lieutenant Governor alongside then Governor Mike Pence. Holcomb has earned a reputation as a problem-solving, consensus builder focused on creating new opportunities for all. He frequently traveled throughout the state, visiting with Hoosiers about how to make Indiana the best place in the world to live, work, study, play, and stayed focused on economic, workforce, and community development. Under Holcomb's leadership, Indiana soared to new heights, including record investments and outcomes in infrastructure, education and healthcare and becoming an economic envy in America. Holcomb and his wife, Janet, live with their miniature schnauzer Oliver in central Indiana.

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SOURCE Doral Renewables LLC

FAQ

What is the capacity of Doral Renewables' Mammoth Solar project in Indiana?

The Mammoth Solar project in Indiana has a capacity of 1.3 GW and uses 20,000 tons of Indiana steel in its construction.

How many megawatts does Doral Renewables currently have under construction?

Doral Renewables has 950 MW under construction, with an additional 400 MW already operational.

What is the total value of Doral Renewables' power purchase agreements?

Doral Renewables has secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers.

How does Doral Renewables implement agricultural integration in their solar projects?

Doral implements dual-use practices allowing 2,000 livestock to graze within project perimeters and supports food crop cultivation alongside solar installations.

What economic impact will the Mammoth Solar project have on local municipalities?

The project will contribute over $40 million to local municipalities through taxes and economic development payments.
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