The remaining phases of Mammoth include three 300 MW (900 MW overall) ground-mounted single-axis photovoltaic (PV) systems, Mammoth South, Mammoth Central I, and Mammoth Central II, located in Pulaski County, Indiana. This announcement follows the completion of construction on the first phase of the Mammoth complex, the 400 MW Mammoth North project located in Starke County, Indiana, which occurred in July. Each of the Mammoth Solar project sections have secured Power Purchase Agreements (PPA) with leading investor-owned utilities via which the project will generate long-term energy and renewable energy certificate revenues.
Mammoth Solar is also at the center of Doral Renewables' agrivoltaics initiatives, which include integrating on-site livestock grazing and crop cultivation, allowing local farmers to continue their farming operations, maximizing land use, and generating additional value. In recognition of these efforts, the Mammoth Solar project was named the Dual Use Plan of the Year at the inaugural North American Agrivoltaics Awards in July. At the same time, the State of Indiana presented a proclamation declaring July 9th as Agrivoltaics Day forever in Indiana.
"We are proud to have delivered this crucial and novel structure in which this financing serves as a bridge to the eventual permanent construction financing," said Evan Speece, Chief Financial Officer at Doral Renewables. "And notably, we have done so with a fantastic team of lenders at KeyBank, Santander and HSBC who will continue to serve as important financial partners as we continue to execute on our mission."
"We are pleased to continue our ...
