Mammoth Solar (Mammoth South + Mammoth Central I + Mammoth Central II) — 900 MWac (3× 300 MWac) of 1.3 GW Mammoth Solar complex, Pulaski County, Indiana (MISO)
$1.5B debt + tax equity financing for completion of three 300 MWac phases of Mammoth Solar — among the largest single-state solar developments in the US. Total Mammoth Solar complex is 1.3 GW. Long-term PPA with AEP. MUFG, Santander, HSBC, Ally, IDB participated in earlier Mammoth tranches.
$1.50B
Deal Value
900MW
Capacity
Solar
Technology
IN
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Doral Renewables
- Buyer / Financier
- KeyBanc Capital Markets, Santander, HSBC (debt); Truist (tax equity)
- Deal Value
- $1.5B
- Stage
- Construction
- ISO/RTO
- MISO
- Source
- PR Newswire
Service Providers
Advisory & Legal
- Sponsor Counsel
- McDermott Will & Emery
- Lender Counsel
- Norton Rose Fulbright
- taxCounsel
- Milbank
Finance Counterparties
Lenders & Capital Providers
- Coord. Lead Arranger
- KeyBanc Capital Markets, Santander, HSBC
- Lead Arranger
- KeyBanc Capital Markets, Santander, HSBC
- taxEquityProvider
- Truist
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