Oct 6, 2021   SOURCE: BusinessWire

Global Energy Generation Changing Its Name to Doral Renewables LLC

Leading renewable energy developer Global Energy Generation LLC (GEG), has changed its name to Doral Renewables LLC (d/b/a Doral LLC). Global Energy Generation was founded in 2019 as a joint venture between Clean Air Generation and Doral Renewable Energy Resources Group (Doral Group). In June 2021, institutional investor, Migdal Insurance, joined Global Energy Generation LLC as one of the members.

The decision to change the company’s name was made in order to better associate the affiliation between Global Energy Generation LLC and Doral Group's global supply chain. Doral Group is procuring renewable energy equipment on a global level for projects in Israel and Europe. Global Energy Generation LLC, now Doral LLC, is procuring equipment for projects in the U.S. The enterprises are also working with global investment banking and equity funds and partners.

“By changing our name, we know that our customers and other stakeholders will more clearly recognize our global reach. We hold over 3 gigawatts of projects under development and 30,000 acres of land control across the Midwest and Mid-Atlantic regions,” says Nick Cohen, President and Co-founder of Doral LLC. “As we continue to grow our portfolio, we are certain that the added value and name recognition that comes with the Doral brand will help us leverage the buying power and expertise needed for execution and purchasing on such a large scale.”

The management team of Doral LLC includes experienced multidisciplinary individuals who have worked together for several years in the US renewables industry. The company is based out of Philadelphia, PA and Chicago, IL.

Doral Group is a publicly traded company on the Tel Aviv Stock Exchange in Israel (DORL) and is a global renewable energy leader, holding hundreds of long-term revenue generating renewable energy assets. Doral Group is also emerging as a worldwide leader in the field of solar + storage solutions, following its win of Israel’s biggest solar + storage tenders to build approximately 800MWdc + 1,500MW of storage facilities in Israel.