Builds & operates renewable energy projects.
Doral enters 2026 with a stronger operating base and a huge global pipeline, but 2025 proved that the value of the story will be driven mainly by the company's ability to connect projects, close funding, and narrow the gap between project-level EBITDA and a very heavy accounting…
Zephyrus can turn Europe inside Doral from a secondary leg into a real return engine, but for now it still adds meaningful capital and execution burden because most of the acquired capacity is not yet operating, the funding plan relies on a partner-and-debt structure, and one ma…
In Doral's 2025 numbers, project EBITDA is genuinely improving, but the consolidated picture stays deeply negative because cost of capital, heavy investment, and losses from equity-accounted entities still outweigh what the mature assets are generating.
