Platform investment supporting development and financing of 3 GW of clean energy infrastructure
Investment from Generate Capital, HOOPP (Healthcare of Ontario Pension Plan), and HESTA (Australian super fund). Designed to support incremental 3 GW pipeline through 2025.
$650M
Deal Value
3,000MW
Capacity
Solar
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Pine Gate Renewables
- Buyer / Financier
- Generate Capital, HOOPP, HESTA
- Deal Value
- $650M
- Stage
- Development
- ISO/RTO
- Multiple
- Source
- Kirkland & Ellis
Capital Structure
$650M
Total transaction value
Tranches
- Platform Investment · Generate Capital (lead), with HOOPP and HESTA
- $650M
Service Providers
Advisory & Legal
- Investor Counsel
- Kirkland & Ellis
Finance Counterparties
Lenders & Capital Providers
- equityInvestors
- Generate Capital, HOOPP, HESTA
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