Migdal buys minority stake in 300 MWdc Mammoth Solar II project in Indiana

Migdal Insurance has committed to invest up to US$75 million into Phase II of Doral LLC’s Mammoth Solar project in Northwest Indiana, as part of its ESG Policy, in exchange for a 22.5% ownership stake in the project.

The new agreement will result in Migdal increasing its direct investment in the Mammoth Solar project up to US$175 million. The Mammoth Solar project is one of the country’s largest solar farms with over 13,000 acres across Starke and Pulaski Counties in Northwest Indiana. The project is expected to generate 1.3 GWac of clean energy, enough to meet the needs of over 230,000 households in the Midwest annually.