Doral Renewables, a U.S. developer, owner and operator of renewable energy and storage projects, closed a $400 million minority equity investment by Dutch pension APG on behalf of 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.
Truist Securities served as exclusive placement agent and Latham & Watkins served as legal counsel to Doral Renewables in connection with the transaction. Scotiabank served as exclusive financial advisor and Norton Rose Fulbright served as legal counsel to APG.
