Pine Gate inks $500m credit facility to fuel solar and storage project growth

By Renewable Energy World Pine Gate Renewables said that Fundamental Renewables will provide a $500 million credit facility to Pine Gate to fund the initial construction and development of utility-scale solar projects.

The facility provides Asheville, North Carolina-based Pine Gate with additional capital to develop and build a range of solar and storage projects across the country. Pine Gate today operates 85 solar projects in five states across the U.S., accounting for more than 1 GWdc of energy, with another 19 GW in active development. The company said it currently has more than 700 MWdc in construction.

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