Pine Gate Renewables

Pine Gate Renewables

Develops and operates utility-scale solar farms

About Pine Gate Renewables

Simplify's Rating
Why Pine Gate Renewables is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Energy

Company Size

201-500

Company Stage

Growth Equity (Non-Venture Capital)

Total Funding

$2B

Headquarters

Charlotte, North Carolina

Founded

2016

Overview

Pine Gate Renewables develops solar farms across the United States, focusing on clean energy solutions by partnering with landowners, communities, and utility companies. They build large solar power installations that generate electricity for the local grid, managing everything from site selection to maintenance. Their business model relies on long-term power purchase agreements (PPAs) with utility companies, ensuring stable revenue while providing a reliable source of clean energy. Pine Gate Renewables aims to expand renewable energy use, benefiting all stakeholders involved.

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Simplify's Take

What believers are saying

  • The Inflation Reduction Act provides tax credits for renewable energy projects.
  • Advancements in battery storage technology enhance solar-plus-storage project profitability.
  • Growing corporate renewable energy procurement offers opportunities for long-term PPAs.

What critics are saying

  • Increased competition from companies like Sunstone Solar.
  • Dependence on large-scale investments may lead to financial instability.
  • Regulatory approvals and incentives are unpredictable, affecting project timelines.

What makes Pine Gate Renewables unique

  • Pine Gate Renewables specializes in utility-scale solar and energy storage projects.
  • They offer comprehensive services from land origination to asset management.
  • Their business model includes long-term PPAs ensuring stable revenue streams.

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Funding

Total Funding

$1958M

Above

Industry Average

Funded Over

3 Rounds

Growth Equity Non VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity Non VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Unlimited Paid Time Off

Paid Holidays

Remote Work Options

Company News

Klamath Sports
Dec 9th, 2024
Pine Gate Renewables to build 1.2 GW solar array with 7,200 MWh battery storage in Oregon, to power 800,000 homes

Pine Gate Renewables to build 1.2 GW solar array with 7,200 mwh battery storage in Oregon, to power 800,000 homes.

Power Systems Technology
Dec 9th, 2024
Sunstone Solar Receives Green Light for Largest Solar-Storage Facility in the U.S.

Pine Gate Renewables collaborated closely with Morrow County and local agricultural organizations to develop a fund supporting the local agricultural economy, particularly the region's wheat farms.

Electrek
Dec 6th, 2024
The US's largest solar + storage project gets the green light

Pine Gate also works closely with Morrow County and agricultural groups to offset Sunstone Solar's impact on the local agricultural economy.

PR Newswire
Oct 24th, 2024
Pine Gate Renewables Closes $288 Million Preferred Equity Financing with Blackstone Credit & Insurance

/PRNewswire/ -- Today, Pine Gate Renewables, LLC, announced the closing of a $288 million preferred equity investment with funds affiliated with Blackstone...

Blackstone
Oct 24th, 2024
Pine Gate Renewables Closes $288 Million Preferred Equity Financing with Blackstone Credit & Insurance

Pine Gate Renewables closes $288 million preferred equity financing with Blackstone Credit & Insurance.

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