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NovaSource and Doral Renewables Prepare to Deploy One of the US' Largest Agrivoltaics Facilities in Northwest Indiana

1. NovaSource partners with Doral Renewables for Mammoth Solar Project. 2. The project will deliver nearly 1.6GWdc of clean energy. 3. Integration of solar energy with agriculture supports sustainable practices. 4. NovaSource to ensure efficiency and compliance in project operations. 5. Doral's focus on community engagement enhances local farmers' profitability.

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Why Bullish?

The partnership signals a successful venture in renewable energy, increasing investor confidence. Historically, new large-scale renewable projects have positively influenced related stocks.

How important is it?

The article highlights a substantial partnership that boosts APO's profile in renewable energy. The project aligns with increasing market trends favoring sustainable energy solutions.

Why Long Term?

This project's operational phase will unfold over several years, offering sustained benefits. Long-term growth potential aligns with increasing demand for renewable energy.

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, /PRNewswire/ -- NovaSource Power Services ("NovaSource"), the world's largest solar operations and maintenance ("O&M") provider, has partnered with Doral Renewables and been selected as the Operations and Maintenance ("O&M") and Generator Operator ("GO") for the Mammoth Solar Project, one of the largest agrivoltaics facilities in the United States. Located in Pulaski and Starke Counties, Indiana, the Mammoth Solar Project is a multi-phase initiative set to deliver nearly 1.6GWdc of clean energy. By seamlessly integrating solar power generation with agricultural use, the project supports dual land functionality, advancing both clean energy and sustainable farming practices, allowing local farmers to diversify their revenue stream while maximizing land use. The project's four phases include Mammoth North (480MWdc), completed in Q4 2024, and Mammoth South (360MWdc), Mammoth Central I (360MWdc), and Mammoth Central II (360MWdc), all expected to achieve commercial operation in 2026. Leveraging its extensive industry expertise and a proven track record of managing over 30GW of solar assets worldwide, NovaSource will ensure maximum efficiency, reliability, and compliance for this landmark project. "Mammoth Solar Project represents a groundbreaking approach to agrivoltaics, and we are proud to collaborate with Doral Renewables on a project that sets new industry benchmarks for scale, sustainability, and innovation," stated Irfan Bharde, Senior Vice President and Chief Commercial Officer at NovaSource Power Services. "Our team is committed to delivering the highest standards of service, ensuring the project operates at its full potential and meeting all regulatory and operational requirements." The Mammoth Solar Project is a game-changer in the shift to renewable energy, and NovaSource is excited to be part of its success. The company brings its expertise to the table by providing O&M services, managing GOP, supporting GO, and overall NERC compliance to streamline grid integration. NovaSource will be also utilizing data-driven asset management solutions to maximize energy output and optimize performance through advanced monitoring and analytics. "We are thrilled to partner with NovaSource Power Services to bring the Mammoth Solar Project to life," said Chris Hinton, Vice President of Asset Management at Doral Renewables. "Mammoth Solar's commitment to farming families, dual-use practices and the local communities will allow farmers to produce food and crop alongside the solar panels, maximizing their land and profitability. The majority of these efforts will occur during the operation phase of the project and require an O&M partner with both professional experience and a similar community-oriented approach. NovaSource's proven track record and credentials makes them the perfect partner to back up our commitments". As demand for reliable energy grows, the Mammoth Solar Project launched by Doral Renewables and supported by NovaSource's proven capabilities, is set to establish a new standard for large-scale solar initiatives to support local communities for decades to come. About NovaSource Power Services NovaSource Power Services ("NovaSource"), a portfolio company of Clairvest Group Inc. ("Clairvest", TSX: CVG) and OMERS Private Equity, the private equity arm of OMERS, is the world's largest independent solar operations and maintenance ("O&M") provider, delivering excellence through data-driven strategies, innovative solutions, and a world-class culture of safety, integrity, and quality. NovaSource's comprehensive approach to total asset optimization in addition to operations and maintenance includes value engineering, performance analysis, strategic supply chain management, and advanced monitoring systems. The company operates in key global markets and across most U.S. states managing over 30GW of solar power plants. NovaSource's expertise extends beyond solar and includes battery energy storage systems (BESS), offering a complete suite of services for the evolving renewable energy landscape. For more information about NovaSource Power Services, please visit www.novasourcepower.com or follow @NovaSourcePower on LinkedIn About Doral Renewables Doral Renewables is a Philadelphia-based developer, owner, and operator of renewable energy assets throughout the United States. Our solar and storage development portfolio exceeds 16 GW, which includes 400 MW currently in operation and 950 MW under construction. Doral Renewables operates in 20 states and across seven electricity markets. With a strong focus on community engagement, we aim to integrate agrivoltaics practices throughout our pipeline, creating additional opportunities for farming communities. We have secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers. Our global management and leadership team includes the Doral Group (TASE: DORL), Migdal Group (TASE: MGDL), Clean Air Generation, APG, and Apollo Global Management (NYSE: APO). Learn more at doral-llc.com and follow us on LinkedIn and Facebook. SOURCE NovaSource Power Services WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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