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Doral Renewables Expands Francesville, Indiana, Solar Farm Project

Doral Renewables LLC, a U.S. company owned by Doral Renewable Energy Resources Group, a publicly traded Israeli renewable energy company, Migdal Group, Israel’s largest insurance company and pension manager, launched the second phase of its 13,000-acre solar farm project in Francesville, Indiana.

Named Mammoth South, the second phase will be operational by 2024 and transform 3,500 acres in Pulaski County, generating renewable power for the surrounding area. In October 2021, the company announced plans to establish Mammoth Solar across 13,000 acres in Starke and Pulaski counties, investing $1.5 billion to bring 1.3 gigawatts of clean energy to the region and beyond.

“Solar farming is part of a wave of jobs and prosperity sweeping through rural America and every resident of the county will benefit," said Nick Cohen, president and CEO of Doral Renewables. "It will deliver $40 million to Pulaski County over 20 years. Property taxes will be reduced for landowners at time when other counties are raising taxes. Mammoth in Pulaski will contribute approximately $400 million in payroll to the local area workforce.”

Based on the company’s job creation plans, the Indiana Economic Development Corporation (IEDC) committed an investment in Doral Renewables LLC of up to $300,000 in the form of incentive-based tax credits. Additionally, the IEDC committed to an investment of up to $1,225,000 through the Industrial Development Grant Fund to support infrastructure needs surrounding the development in Starke and Pulaski counties. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired and trained.

“Indiana continues to make strides in transitioning to more sustainable, clean energy because of innovators and investors like Doral Renewables,” noted Secretary of Commerce Brad Chambers. “This impressive solar farm project will help serve residential and commercial customers in northwest Indiana and across the Midwest region, fueling our next-gen industries that are building the economy of the future.”

Doral Renewables LLC (Global Energy Generation LLC) combines the advanced engineering, development and operating experience of Doral Group with a team of US-based renewable energy & battery storage project developers, leveraging extensive experience throughout the U.S. The company is a leading international developer and owner-operator of over 400 energy facilities globally.

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