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A Substantial Transaction in the Renewable Energy Market: Migdal, a Prominent Israeli Insurance Company, Will Invest Approximately $355 Million in Global Energy Generation LLC (Doral LLC)

By   /  May 4, 2021  /  Comments Off on A Substantial Transaction in the Renewable Energy Market: Migdal, a Prominent Israeli Insurance Company, Will Invest Approximately $355 Million in Global Energy Generation LLC (Doral LLC)

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PHILADELPHIA–()–A substantial investment transaction for Migdal Insurance, Israel’s largest insurance company and pension manager with AUM of 90 billion dollars, in Global Energy Generation LLC (Doral LLC).

The transaction outline, which is still being formulated and is subject to the signing of detailed transaction documents and completion of due diligence, includes, inter alia, an investment of approximately $110 million, the bulk of which will be invested at the closing, and the remainder subject to meeting pre-defined near-future milestones, in exchange for 20% of Doral LLC.

As part of the deal, Migdal Insurance will also participate in the first stage (480 MWdc) of Doral LLC’s mega solar project in…



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