Doral Renewables Comments on Governor Shapiro’s Energy Plans
In an official statement, Doral Renewables supported Pennsylvania Governor Josh Shapiro Energy Plan, announced on Wednesday, March 14th, 2024. With hundreds of megawatts under development in the Commonwealth, Doral Renewables is one of the most prominent companies in the state’s renewable energy industry.
March 14, 2024
PHILADELPHIA, PA–Doral Renewables LLC (“Doral Renewables”) supports the Energy Plan presented yesterday (Wednesday, March 13, 2024) by Governor Josh Shapiro. The governor’s vision, that includes tapping into renewable energy as a pathway to grid resiliency, jobs creation, economic growth and emissions reduction is the sort of action required to achieve the nation’s and the Commonwealth’s energy transition goals while creating sustainable economic growth.
The Pennsylvania Climate Emissions Reduction (PACER) act and the plans to introduce the new Pennsylvania Reliable Energy Sustainability Standard (PRESS) will help solidify and grow the Commonwealth’s position as a national leader in energy generation, economic development, and jobs creation. Doral Renewables has hundreds of megawatts of renewable energy projects in different stages of development across the Commonwealth.
“Pennsylvania is sending an economic message to companies to locate and expand businesses in the Commonwealth rather than in competing states. A modernized cleaner energy mix is now a major competitive advantage that Pennsylvania is fortifying through the new policies The plan introduced today by Governor Shapiro marks an important milestone in Pennsylvania’s path to economic growth,” said Nick Cohen, President, and CEO of Doral Renewables.
About Doral Renewables
Doral Renewables is a Philadelphia-based company with diverse global management and leadership that includes Doral Renewable Energy Resources Group (TASE:DORL,), a publicly traded Israeli renewable energy company, Migdal Group (TASE:MGDL), Israel’s largest insurance company and pension manager and US-based Clean Air Generation, with further financial backing from Apollo Global Management (NYSE:APO). Doral Renewables is developing an over 11 GWac solar and storage portfolio across 18 states, 9 electricity markets and covering approximately 150,000 acres of land. It has over $2 billion in long-term wholesale power purchase agreements with U.S. customers.
Media Inquiries: Ran Rabi – ranrabi@doral-llc.com