Full-Time
Posted on 8/14/2025
Develops, owns, operates utility-scale solar farms
No salary listed
Asheville, NC, USA
Remote
Remote with up to 10% travel.
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Pine Gate Renewables develops utility-scale solar farms across the United States by partnering with landowners, communities, and utility companies. They handle site selection, permitting, construction, and ongoing maintenance, then own and operate the solar facilities. Electricity generated from these farms is sold to utility companies under long-term power purchase agreements (PPAs), providing a fixed revenue stream and enabling stable clean energy supply. The company also benefits from renewable energy incentives and tax credits. Compared with competitors, Pine Gate Renewables focuses on owning and operating large-scale solar projects and building long-term relationships with landowners and communities, not just development. Its goal is to deliver reliable, sustainable solar power while creating steady income for landowners and green energy for utilities.
Company Size
51-200
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$2B
Headquarters
Charlotte, North Carolina
Founded
2016
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Unlimited Paid Time Off
Paid Holidays
Remote Work Options
Fundamental launches 'MorningSky Power' renewable energy platform. Fundamental Advisors has announced the launch of MorningSky Power, a nationwide utility-scale and battery storage platform with a portfolio comprising 117 development projects. The company's latest venture will operate across 27 states, representatives from the firm say, and will serve as both a developer and owner-operator of projects of approximately 20 GW of solar and battery projects. Headquartered in Asheville, North Carolina, the platform will have an outsized focus on "advancing priority utility-scale projects through late-stage development, permitting, interconnection, and financing." "The launch of MorningSky reflects our commitment to disciplined, scalable development at a moment when the nation's power demands are rising at a faster rate than new capacity can come online," said Fundamental chairman and CEO Laurence Gottlieb. "By creating a focused platform with the expertise and flexibility to develop high-quality, utility-scale projects, Fundamental is positioned to help deliver critical renewable power generation for its partners, communities, and the broader economy. "As long-term investors in the renewables space, we look forward to the opportunity to accelerate the development and financing of projects that meet our country's critical energy demand." Corporate shuffling. In addition to the launch of the platform itself, Fundamental announced its purchase of "solar development assets" through an Asset Purchase Agreement with Pine Gate Renewables. As part of the agreement, Fundamental has acquired Sunstone Power and ACT Power from Pine Gate, and is expected to receive up to $88 million in proceeds following the sale. Sunstone made waves as the largest proposed solar project in the U.S. at the times of its announcement in late 2024 at 1.2 GW of solar and battery capacity. ACT Power also functions as Pine Gate's operations and maintenance business, and MorningSky has offered employment and consulting positions to 46 members of Pine Gate's development team, the firm says. MorningSky CEO Jon Saxon says the new venture creates "a focused platform to advance priority projects through late-stage development and deliver reliable power capacity at scale." "The sale of Sunstone underscores both the quality of the assets in this portfolio and the strong demand for well-positioned, energy generation assets across the United States," said MorningSky CEO Jon Saxon. "As power demand reaches unprecedented levels, we expect the buyer pool for strategic solar and renewable assets to continue expanding. Businesses increasingly view the availability and ready supply of ample energy as a competitive advantage and are now moving to secure generation at the source, engaging earlier and more directly in the development and ownership of infrastructure of this scale."
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 collaborated closely with Morrow County and local agricultural organizations to develop a fund supporting the local agricultural economy, particularly the region's wheat farms.
Pine Gate also works closely with Morrow County and agricultural groups to offset Sunstone Solar's impact on the local agricultural economy.
/PRNewswire/ -- Today, Pine Gate Renewables, LLC, announced the closing of a $288 million preferred equity investment with funds affiliated with Blackstone...