Three-solar portfolio — 225 MWdc solar across Alabama and Texas
$290M back leverage debt + Pine Gate's first ITC transferability transaction. SMBC as CLA/Bookrunner; Nord/LB and Santander participating. Pine Gate's last major financing before its November 2025 Chapter 11 filing.
$290M
Deal Value
225MW
Capacity
Solar
Technology
AL, TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Pine Gate Renewables
- Buyer / Financier
- SMBC (CLA/Bookrunner), Nord/LB, Santander
- Deal Value
- $290M (back leverage debt + ITC transfer)
- Stage
- Construction
- ISO/RTO
- Multiple
- Source
- Pine Gate Renewables
Finance Counterparties
Lenders & Capital Providers
- constructionDebtArrangers
- SMBCNord/LBSantander
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