Doral Renewables LLC has executed a Power Purchase Agreement (PPA) with a corporate buyer for its 430 MWac Cold Creek Solar project located in Schleicher and Tom Green counties, Texas. The agreement covers 75% of the facility’s energy production and 100% of the associated Renewable Energy Credits.
The Cold Creek project is expected to generate more than 1 million MWh annually, increasing Doral Renewables’ total contracted energy portfolio to over 1.6 GW across the United States. The company, specialising in large-scale solar and battery storage projects, operates as an independent power producer and owner-operator of its facilities.
Strengthening Doral’s commercial portfolio
The agreement marks a significant milestone in Doral Renewables’ business strategy, which focuses on securing long-term contracts with institutional clients to stabilise revenue streams. The buyer’s name has not been disclosed, but Doral described the deal as a partnership with an experienced energy sector player, reinforcing its presence in the U.S. market.
The project, currently under development, is also presented as a driver of local economic activity. Several hundred jobs are expected to be created during construction, primarily for residents of the affected counties. Doral also plans to collaborate with regional businesses to stimulate local commerce.
Local contribution and expansion
Beyond construction, the Cold Creek project includes funding for local infrastructure initiatives such as road maintenance and emergency response support. Doral Renewables also provided assistance to a local non-profit during the summer floods that recently impacted the area.
Sean Boyle, Vice President of Markets at Doral Renewables, described the agreement as a major step in the company’s expanding operational portfolio. The development comes amid a surge in large-scale photovoltaic projects in Texas, where demand for long-term power purchase contracts continues to grow.
