Sugar Solar
Pine Gate Renewables closed $89.2 million in financing for the Sugar Solar project in Yadkinville, North Carolina, with MUFG as lead arranger.
$89M
Deal Value
60MW
Capacity
Solar
Technology
NC
Location
Deal Details
- Deal Type
- Project finance
- Seller / Sponsor
- Pine Gate Renewables
- Buyer / Financier
- MUFG
- Deal Value
- $89.2M
- Stage
- operating
Related Deals
Duke University NC Solar Portfolio — 101 MW solar across 3 sites, North Carolina (Duke Energy GSA)
Pine Gate Renewables / Silver Pine → Duke University
Vineyard Wind 1 — 800 MW offshore wind, 15 mi off Martha's Vineyard MA (first commercial-scale OSW in US)
Vineyard Wind LLC (Avangrid Renewables 50% / Copenhagen Infrastructure Partners 50%) → Bank of America, J.P. Morgan, BBVA, NatWest, Santander (advisor), Crédit Agricole, Natixis, BNP Paribas, MUFG Bank
$2.3B (senior debt)
Pine Gate Renewables — utility-scale solar+storage developer (1+ GW operating, 20+ GW pipeline)
Pine Gate Renewables → Generate Capital
$500M total ($200M growth equity + $300M long-term asset partnership)
Summit Farms Solar — 60 MW solar, Currituck County, North Carolina (Duke)
Dominion Energy → MIT (consortium with Boston Medical Center + Post Office Square Redev)
Buckleberry Solar — Solar project, NC (CPLE). MW not publicly disclosed.
Buckleberry Solar, LLC → Duke Energy Progress, LLC
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.