Trending...
- Twitter's Buzzing! What's the Deal with PhotoG, the AI Everyone's Talking About?
- Axiros Confirms Continued Compliance with ISO/IEC 27001:2022 After Surveillance Audit
- OpenSSL Technical Advisory Committee Elections Now Open – Cast Your Vote
PHILADELPHIA, May 1, 2025 ~ Doral Renewables LLC, a leading renewable energy company, has recently announced the successful closure of a $100 million corporate Letter of Credit facility. This new facility, in addition to the existing $185 million capacity, will primarily be used for new interconnection and power purchase agreement obligations incurred during the development of the company's projects.
The Sole Arranger and Issuing Bank for this new facility was HSBC, a global banking and financial services company. Kelly Chan Considine, Director of Global Network Banking US at HSBC, expressed their pleasure in deepening their relationship with Doral through this financing. They also showed their support for Doral's commitment to delivering large-scale renewable energy projects in the United States.
More on The PennZone
James Gallagher, Head of Global Network Banking US at HSBC, also shared his confidence in Doral's execution capabilities and emphasized the importance of supporting high-quality sponsors in the renewable energy space as the market continues to evolve. He further stated that they are excited to continue enhancing their relationship with Doral and support their growth beyond 2025.
Evan Speece, Chief Financial Officer at Doral Renewables LLC, expressed his pride in extending their relationship with HSBC through this new corporate Letter of Credit capacity. He highlighted the significance of credit support capacity in today's renewable energy development climate and appreciated HSBC's support in strengthening their position in this area.
This latest development is a testament to Doral's dedication to efficient project development and HSBC's confidence in their capabilities. With this new facility, Doral is well-equipped to continue its growth and contribute towards a cleaner and more sustainable future.
The Sole Arranger and Issuing Bank for this new facility was HSBC, a global banking and financial services company. Kelly Chan Considine, Director of Global Network Banking US at HSBC, expressed their pleasure in deepening their relationship with Doral through this financing. They also showed their support for Doral's commitment to delivering large-scale renewable energy projects in the United States.
More on The PennZone
- Meditech International Inc. and Los Angeles Rams Continue Strategic Partnership to Enhance Athlete Performance and Recovery
- Darnatein to Present at 14th International BMP Conference Highlighting Advances in Regenerative Biologics
- myb.day Launches New Birthday Gift Shop Filled With Personalized Surprises
- DuoKey to Unveil Encrypted Financial Intelligence Use Case at GISEC Global 2025
- Mission 3A Establishes Healthcare Advisory Board with Addition of Industry Leaders Patrick Fisher, Kevin Cordell, and Dr. Greg Berlet
James Gallagher, Head of Global Network Banking US at HSBC, also shared his confidence in Doral's execution capabilities and emphasized the importance of supporting high-quality sponsors in the renewable energy space as the market continues to evolve. He further stated that they are excited to continue enhancing their relationship with Doral and support their growth beyond 2025.
Evan Speece, Chief Financial Officer at Doral Renewables LLC, expressed his pride in extending their relationship with HSBC through this new corporate Letter of Credit capacity. He highlighted the significance of credit support capacity in today's renewable energy development climate and appreciated HSBC's support in strengthening their position in this area.
This latest development is a testament to Doral's dedication to efficient project development and HSBC's confidence in their capabilities. With this new facility, Doral is well-equipped to continue its growth and contribute towards a cleaner and more sustainable future.
Filed Under: Business
0 Comments
Latest on The PennZone
- First Choice Neurology Partners with NeuroDiscovery AI to Advance Neurological Care and Research
- Is Billboard Advertising Still Effective in 2025?
- Climate Masters Inc. Poised for Record-Breaking Year in 2025
- Indie Game Publisher Joins Federal Lawsuit Challenging Trump Administration's Illegal Tariffs
- Care Dental Implant & Cosmetic Center's New Website Launch!
- $4.3 Million Waiver Exemption Granted by FDA on New Drug Application Fee for Treatment Addressing Suicidal Depression, PTSD: NRx: Stock Symbol: NRXP
- FAN EXPO Philadelphia and School District Team Up to Spotlight Young Artists at Major Convention
- YMCA Seeks to Expand Civic Leadership Opportunities for More New Jersey Youth
- Anern Launches New Generation of Lithium Solar Batteries, Empowering a Smarter, Greener Future
- K2 Integrity and the Institute for Financial Integrity Launch AML/CFT Course for Investment Advisers
- Buttcoin - The Next Bitcoin Foundation Explores First Spot Buttcoin ($BUTTCOIN) ETP Listing on Switzerland's SIX Exchange
- Start Dogecoin cloud mining with XY Miners and maximize your passive income
- Exeter Smiles in Reading Offers Invisalign for a Comfortable, Clear Path to Straighter Teeth
- New Report Highlights the Most Dangerous States for Transportation and Warehouse Workers
- Seecoin Expands Beyond Gaming: A Web3 (r)evolution for All Content Creators
- Barcelona-based Neurosurgical Specialist Awarded Designation of International Center of Excellence for Ehlers Danlos Syndrome
- Pregis Expands Multi-Layer Technology for High-Performance Barrier Films at Anderson Facility
- New Professional Association to Study Principles of Hospitality Applied to the Delivery of Healthcare
- Clinical Endpoints Successfully Met in Study for Groundbreaking 12-Lead ECG Synthesis Technology Allowing Software Application to FDA: HeartBeam, Inc
- Sharp Rewards Launches: Revolutionizing Professional Growth Through Gamified Learning & Recognition