Doral Renewables’ CFO Discusses Significant Project Financing and Start-of-Construction Activity In 2024

In an interview with NPM, Doral Renewables CFO Evan Speece indicated the start of full construction activities, and thus the timing of closing on project debt and tax equity for the Mammoth phases, would depend on whether they fell into PJM’s Fast Lane or Transition Cycle #1 track. Since all three phases were included in the former, they would be expected to obtain GIAs, closing on project financing and begin full construction during 2024 or early 2025, depending on the exact timing of the GIA and related interconnection dates.