Pine Gate Renewables

Financing Rounds

⚠️ CRITICAL CONTEXT: BANKRUPTCY FILING (November 2025)

On November 6, 2025, Pine Gate Renewables announced it is pursuing a strategic and value-maximizing sales process for substantially all of its assets and business operations through a court-supervised Chapter 11 bankruptcy process.

This makes Pine Gate one of the most significant renewable energy developer bankruptcies in recent history, despite having raised over $7+ billion in total capital.

At the time of the filing, it was reported that North Carolina-based Pine Gate currently has a 30GW development pipeline, over 2GW in operating assets, and has secured around US$10 billion in project financing.

The company has entered into agreements with secured lenders to sell select operating, near-complete, and development-stage solar assets tied to their respective financing facilities. Each lender will act as a "stalking horse bidder" for its asset portfolio, subject to higher offers.

10 GW Development Pipeline for Sale

Additionally, another secured lender will serve as stalking horse bidder for Pine Gate's independent power producer platform and roughly 10GWdc of development pipeline.