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FinancingClosedNovember 21, 2024

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

Finance Counterparties

Lenders & Capital Providers

constructionDebtArrangers
SMBCNord/LBSantander

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