Doral Acquires 150 MW Solar Assets

Doral Renewables LLC announced that it has acquired Brenneman Solar Project from AVANGRID, Inc. The Project is a nominal 150 MWac utility-scale solar photovoltaic development project in Macon County, GA.

December 22, 2021. By News Bureau

Doral Renewables LLC announced that it has acquired Brenneman Solar Project from AVANGRID, Inc. The Project is a nominal 150 MWac utility-scale solar photovoltaic development project in Macon County, GA.
 

The Project is located in the Southeastern Electric Reliability Council (SERC) energy market, one of the fastest growing areas in the United States in terms of solar power generation potential.

The Project has secured almost 1,600 acres under long term leases with local landowners and has a signed interconnection agreement with Georgia Power. Once complete, the Project will produce enough electricity to power approximately 36,000 US households.

“Brenneman is Doral’s first project outside PJM and MISO. We are excited to expand our footprint and diversify our geographical and market exposure,” said Ignacio Ibarguren, Vice President M&A and Finance at Doral. “Going forward, Doral aims to further expand its presence outside its “home markets” through organic growth and/or acquisition of solar, wind, and storage development projects in ERCOT, CAISO and the Northeast”.

“Doral is thrilled to finish the work started by Avangrid by constructing and operating the Brenneman project. When completed, the Project will provide important income stability and diversification to the local farming community. Additionally, the Project will benefit all residents through $3 million in direct payments to Macon County in the first 10 years operations, without requiring any additional services from the County. During construction, the Project will pay tens of millions in wages and other local purchases,” said Jon Baker, Director Project and Business Development at Doral.

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