Pine Gate Renewables ~1 GW solar portfolio — 9 projects across NC, SC, AL, TX (bankruptcy sale)
Bankruptcy §363 asset sale. Pine Gate filed Chapter 11 in Nov 2025 citing legislative headwinds (One Big Beautiful Bill Act). Nofar won competitive bid; assumed ~$260M project debt + $30M additional costs. Grows Nofar USA portfolio to 2.3 GWdc solar + 1.5 GWh storage.
$285M
Deal Value
979MW
Capacity
Solar
Technology
NC, SC, AL, TX
Location
Deal Details
- Deal Type
- Project M&A
- Seller / Sponsor
- Pine Gate Renewables
- Buyer / Financier
- Nofar USA (Nofar Energy)
- Deal Value
- $285M
- Stage
- Mixed (Development + Construction)
- ISO/RTO
- Multiple
- Source
- Business North Carolina
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