FOR IMMEDIATE RELEASE
Doral Renewables LLC (dba Doral LLC)
September 2, 2021
Former Israeli Mossad Chief, Yossi Cohen, Appointed as Director at Doral Renewables LLC
Philadelphia, September 2, 2021, Mr. Yossi Cohen, former Head of Israeli Mossad, the national intelligence agency of Israel, was appointed today as a Director at Doral Renewables LLC (Doral LLC), the U.S subsidiary of Doral Group, a leading Israeli renewable energy developer. Cohen will strengthen the company’s management team and will take an active part in promoting the company’s goals across multiple initiatives, including business development, financial matters, capital raising, and promoting partnerships and agreements with leading entities and companies in the energy sector.
Cohen’s decision to join Doral LLC was made in light of Doral’s dominance in the renewable energy space, and its contribution to combating global climate change. Considering the existing and potential strategic threat posed by global warming, Cohen acknowledges the need to further accelerate the development and deployment of renewable energy generation sources and innovative ‘green’ technologies to combat global warming.
Dori Davidovitz, Chairman of Doral Group: “We are proud of the appointment of Yossi Cohen, Former Mossad chief and Israel Prize winner, as a Director at Doral LLC. The company is undergoing significant growth, and we have no doubt that Yossi Cohen’s immense management experience shall greatly benefit and contribute to the company’s leadership efforts. Doral LLC’s existing portfolio of projects in development represents 3% of the U.S renewable energy goals and we will invest billions of dollars in the upcoming years to significantly increase this share. I have no doubt that Yossi will have a crucial impact on the company’s progress”.
Doral LLC (Formerly named Global Energy generation LLC) was founded in 2019 as a joint venture between Doral Group and Clean Air Generation LLC. Doral LLC currently has over 3 GWdc of projects under development and 30,000 acres of land control, mainly in the Midwest and Mid-Atlantic U.S. The management team of Doral LLC includes experienced multidisciplinary individuals who have worked together for several years in the renewables industry. The company recently completed a monumental deal with the leading Israeli insurance firm, Migdal Insurance, in which Migdal agreed to invest a total amount of approximately $355 million in Doral LLC. The transaction included the acquisition of 20% of Doral LLC, extension of credit facilities and direct investments in projects.
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. With over 6 GWdc under development, Doral Group is active, in Israel, Europe, and the United States. 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 800MW(DC) + 1,500MW of storage facilities in Israel.
Global Energy Generation LLC
April 15, 2021
Global Energy Generation LLC Appoints Ignacio Ibarguren VP, M&A and Finance
The IPP developer, owner, and operator seeks to grow its portfolio through the acquisition of development, operating renewable, and storage assets throughout the US.
Philadelphia, April 15, 2021. Global Energy Generation LLC, a developer and operator of clean energy generation assets, welcomes Ignacio Ibarguren as VP, M&A and Finance.
Ignacio was previously Sr. Director, Business Development at Tyr Energy, Inc (“Tyr”). Ignacio has 15+ years’ experience in the global power business having held a variety of positions ranging from Treasury, Asset Management, Power Origination and M&A. At Tyr, Ignacio was deal lead for cash and tax equity transactions, pursued Tyr’s expansion into Latin America, and was asset manager for several gas fired assets in CAISO and PJM. Ignacio holds a Licentiate in Economics from Universidad de Córdoba (Argentina), an MBA with a concentration in Finance from the University of Kansas and is a CFA Charter Holder.
“Mr. Ibarguren’s role as a leader in our organization assures that our focus on growth continues to identify only the best opportunities. From asset management to operations, our experienced team can rely on Ignacio for excellence. Over the coming months we will be deploying some of the biggest renewable assets in America.,” – Nick Cohen, President & CEO.
Ignacio will be responsible for growing Global Energy Generation’s development and operating asset portfolio and leading other major commercial efforts. Global Energy Generation’s portfolio comprises of over three (3) gigawatts of projects under development, mostly in the Mid-Atlantic and Midwest regions.
“Global Energy Generation LLC, a member of the Doral Group, follows the same success model that propelled Doral Group into a renewable energy leader both in Israel and abroad. We aim to hire the best people and execute with a long-range owner view.”
– Yaki Noyman, CEO, Doral Group
Global Energy Generation LLC
The Company combines the advanced engineering, development and operating experience of Doral Group with a team of US-based renewable energy & battery storage project developers, leveraging extensive experience throughout the U.S.
Doral Group is a publicly traded (TASE) leading international developer and owner operator of over 400 energy facilities globally. The GEG management team has over 100 years in combined experience with transactional histories and deep relationships with infrastructure funds, investment banks, tax equity investors and energy industry experts.
GEG has initiated over three gigawatts (dc) of renewables projects in the US, primarily in the Mid-Atlantic and Midwest regions, and continues to add world-class projects to its portfolio every year.
New Market Member – Global Energy Generation, LLC
NAEMA is very pleased to announce that Global Energy Generation, LLCis NAEMA’s newest Market Member.
Global Energy Generation’sMember Representative is Ignacio Ibarguren and their Alternate Member Representative is Nick Cohen.
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- New Market Member – Global Energy Generation, LLC