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X-WR-CALNAME:[IEDC] Israeli Energy Company Chooses Indiana for Largest US S
 olar Farm\, Major Investment in Increased Energy Innovation
X-WR-TIMEZONE:Indiana (East)
BEGIN:VEVENT
DTSTAMP:20260906T092416Z
UID:tag:localist.com\,2008:EventInstance_38093288122180
DTSTART;VALUE=DATE:20211014
DESCRIPTION:$1.5 billion investment in northwest region adds to Indiana's f
 oreign direct investment momentum \n\nKNOX\, Ind. (Oct. 14\, 2021) – Gov
 ernor Eric J. Holcomb and Secretary of Commerce Brad Chambers today joined
  Israeli and local officials\, as well as executives from Israel-based Dor
 al Renewables LLC\, a developer of renewable energy projects\, to break gr
 ound on phase one of the company’s three-phase solar farm project\, Mamm
 oth Solar\, which is expected to deliver a $1.5 billion investment in the 
 company’s Indiana operations over the next five years.\n \n“It’s an 
 incredibly electrifying day for the state of Indiana as we celebrate Doral
  Renewables’ significant investment in the future of energy generation a
 nd the state of Indiana\,” said Gov. Holcomb. “Knowing Indiana will co
 ntinue to play a key role in the global energy sector while creating real 
 change in our Hoosier communities is empowering. It’s encouraging to wit
 ness the power industry moving toward reliable\, affordable and ever more 
 clean renewable energy sources for generations of Hoosiers to come."\n \nI
 srael-based Doral Group\, which was the first company to energize a commer
 cial solar farm in Israel more than 13 years ago\, identified 13\,000 acre
 s across Starke and Pulaski counties in Northern Indiana the Mammoth Solar
  project to bring 1.3 gigawatts of clean energy to the region. The company
  plans to invest $475 million in phase one of the project\, which will pro
 duce 400 megawatts of clean energy and is expected to become operational b
 y mid-2023. In addition to providing renewable energy\, the project is pro
 jected to remove 40\,000 tons of greenhouse gas emissions and conserve 1 b
 illion gallons of irrigation well water annually. Phases two and three\, e
 xpected to begin during 2022\, will produce approximately 900 megawatts of
  clean energy upon completion and will draw additional investments of appr
 oximately $1 billion.\n \n“This project will be a model for solar energy
  in Indiana and the Midwest as a whole\,” said Nick Cohen\, CEO of Doral
  LLC\, the US based partner of the Doral Group. “The 400 megawatts of en
 ergy produced here during the first phase of the project is enough to powe
 r 75\,000 Midwestern households and will infuse millions of much-needed do
 llars into local Indiana communities. We are grateful for the support from
  Gov. Holcomb and Starke County officials who have established Indiana and
  the county as one of the most competitive places to invest in renewable e
 nergy projects. Support from local landowners and community leaders was al
 so instrumental in making this project happen\, and we look forward to wor
 king with them for decades to come.”\n\nDoral Renewables is working with
  AEP Energy Partners Inc.\, a subsidiary of American Electric Power and on
 e of the largest electric energy wholesale suppliers in the U.S. Mammoth S
 olar Farm will make a significant contribution to the nation’s renewable
  energy portfolio\, enabling local utilities\, commerce and industry to pr
 ocure power generated in the Midwest that would otherwise be generated in 
 neighboring regions. It will provide opportunities for Midwestern companie
 s to meet renewable targets with the lowest cost of renewable power anywhe
 re. The solar farm\, which will generate 1.65 GW dc of clean energy for 17
 5\,000 households across Indiana and Illinois.\n \nDoral LLC will support 
 the three-phase project with approximately 500 jobs during the constructio
 n period and up to 50 new\, full-time jobs once fully operational. \n \n"T
 he impact of the energy harvested from this truly 21st century energy solu
 tion will reach far beyond the 312 square miles of Starke County to busine
 sses and residences throughout the country\,” said Starke County Commiss
 ioner Mark Gourley.\n \nThe Indiana Economic Development Corporation is wo
 rking with Doral Renewables LLC to finalize a committed investment in the 
 form of incentive-based tax credits based on the company’s plans to crea
 te up to 50 new jobs by the end of 2023. Starke and Pulaski Counties are a
 lso considering additional incentives.\n \nAbout Doral Renewables LLC\nDor
 al Renewables LLC was founded in 2019 as a joint venture between Doral Gro
 up and Clean Air Generation. Doral LLC currently has over 6 gigawatts of p
 rojects under development and over 30\,000 acres of land control\, mainly 
 in Midwest and Mid-Atlantic regions. The management team of Doral LLC incl
 udes experienced multidisciplinary individuals who worked together for man
 y years in the renewables industry in the United States.\n \nAbout Doral G
 roup\nDoral Group is a publicly traded company on the Tel Aviv Stock Excha
 nge in Israel (DORL) and is a global renewable energy leader\, holding hun
 dreds of long-term revenue generating renewable energy assets. With over 9
  GWdc under development\, Doral Group is active\, in Israel\, Europe\, and
  the United States. Doral Group is also emerging as a worldwide leader in 
 the field of solar + storage solutions\, following its win of Israel’s b
 iggest solar + storage tenders to build approximately 800MW(DC) + 1\,500MW
  of storage facilities in Israel.\n \nAbout IEDC\nThe Indiana Economic Dev
 elopment Corporation (IEDC) is charged with growing the State economy\, dr
 iving economic development\, helping businesses launch\, grow and locate i
 n the state. Led by Secretary of Commerce Brad Chambers and governed by a 
 15-member board chaired by Governor Eric J. Holcomb\, the IEDC manages man
 y initiatives\, including performance-based tax credits\, workforce traini
 ng grants\, innovation and entrepreneurship resources\, public infrastruct
 ure assistance\, and talent attraction and retention efforts. For more inf
 ormation about the IEDC\, visit iedc.in.gov.\n \n\n- 30 -\n\n\nMedia Conta
 cts: \nMaya Ziv Wolf (Doral) – maya@doral-energy.com\nErin Sweitzer (IED
 C) – 317.296.2556 or esweitzer@iedc.in.gov
LOCATION:
SUMMARY:[IEDC] Israeli Energy Company Chooses Indiana for Largest US Solar 
 Farm\, Major Investment in Increased Energy Innovation
URL;VALUE=URI:https://events.in.gov/event/iedc_israeli_energy_company_choos
 es_indiana_for_largest_us_solar_farm_major_investment_in_increased_energy_
 innovation
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