MorningSky Power, a US-based renewable energy platform, has been launched by Fundamental Advisors to develop and operate utility-scale PV and battery storage projects across the country. The platform has been established with a development portfolio comprising 117 projects located in 27 states, representing about 20 GW of combined PV and battery storage capacity under development. MorningSky Power has been structured as a developer and owner-operator, with responsibilities that include late-stage development, permitting, interconnection, and project financing. The portfolio has been assembled through an Asset Purchase Agreement with Pine Gate Renewables, LLC. Alongside the platform launch, Fundamental Advisors has announced the sale of Sunstone Power, a 1.2 GW PV and battery storage project in eastern Oregon, as well as ACT Power, Pine Gate’s operations and maintenance business. From these transactions, Fundamental Advisors is expected to receive $88 million in total proceeds.