Pine Gate Renewables has secured $288 million in preferred equity investment from Blackstone Credit & Insurance to advance six solar projects totaling 780 MW (DC), each backed by corporate offtake agreements. Legal advisory services for the transaction were provided by Stoel Rives LLP for Pine Gate and Milbank LLP for Blackstone, ensuring regulatory compliance and strategic alignment. Pine Gate Renewables focuses on large-scale solar and energy storage projects across the US. The company has successfully closed over $7 billion in financing to support its projects, including a 2 GW operational solar fleet with over 100 facilities and an additional 30 GW of projects in various development stages.
Pine Gate advances six solar projects with Blackstone funding
Pine Gate’s newly secured $288 million will finance six utility-scale solar projects, strengthening its position in US solar. (Image Source: Pine Gate Renewables)
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