Great Bend Solar — utility-scale solar (~48 MWac), Meigs County, Ohio
Doral Renewables completes final funding for Great Bend Solar in Meigs County, OH. Total financing: $27M+ tax equity (Fifth Third Bank), $35M ITC transfer (third-party buyer), ~$33M term debt (HSBC + KeyBank), $8M LC facility. Construction debt of $38M+ repaid. Project will generate $400K+ annually in local tax revenue. Funding event completed February 20, 2026; announcement March 19.
$103M
Deal Value
48MW
Capacity
Solar
Technology
OH
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Doral Renewables LLC
- Buyer / Financier
- Fifth Third Bank (tax equity); HSBC (term debt + LC); KeyBank (term debt); Third-party tax credit buyer
- Deal Value
- $103M
- Stage
- Under Construction
- ISO/RTO
- PJM
- Source
- PR Newswire
Capital Structure
Tranches
- Tax equity investment · Fifth Third Bank
- $27M
- Term debt · HSBC and KeyBank
- $33M
- Letter of credit facility · HSBC
- $8M
- Construction debt (repaid at final funding)
- $38M
- Investment tax credit transfer (ITC sale) · Undisclosed third-party tax credit buyer
- $35M
Finance Counterparties
Lenders & Capital Providers
- 1
- HSBC
- 2
- KeyBank
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