The $285 million acquisition of utility-scale assets follows a Chapter 11 filing by the major North Carolina developer as it navigates a restructuring process for its development pipeline.
Pine Gate’s operations are expected to continue uninterrupted while the company engages in a competitive sales process.
The developer placed a $176 million order with Waaree Solar Americas for solar modules manufactured in Texas.
A massive 2.4 GW solar power plant with a 2:1 DC-to-AC ratio, coupled with six hours of energy storage, is approved in northern Oregon.
Sunstone Solar is a 1.2 GW solar, 1.2 GW battery energy storage project planned for eastern Oregon.
Some experts shared data to back up their praise for the “connect and manage” approach used by Texas grid operator ERCOT, while others speaking on an industry panel explained their reservations.
With generous incentives from Shelby County and the state of Kentucky, EnerVenue plans to invest in a one-million square-foot facility to produce metal-hydrogen batteries.
Generate Capital provided the developer strategic growth capital and asset financing to expand its business.
EnerVenue’s batteries will be supplied to Pine Gate to provide a choice in storage technology for Pine Gate’s development partners, and marks EnerVenue’s second major battery supply deal since launching in 2020.
Urban will Supply Pine Gate with 4.6 GWh of its rechargeable zinc alkaline batteries over the next five years to provide a choice in storage technology for Pine Gate’s development partners and customers.
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