Pine Gate Renewables Completes Two U.S. Solar Projects

Posted by Joseph Bebon on January 19, 2017 No Comments
Categories : Projects & Contracts

Charlotte, N.C.-based solar developer Pine Gate Renewables has announced commercial operation of two 14 MW solar facilities: Darlington Solar in Darlington County, S.C., and Collier Solar in Deschutes County, Ore.

The company says the projects, both financed by Pine Gate partners Live Oak Bank and Sol Systems, will generate enough energy annually to power roughly 2,000 homes.This clean energy will be delivered to existing regional energy grid systems via power purchase agreements with area utilities.

Pine Gate says the two solar facilities, placed into service at the end of 2016, are part of more than 1 GW in portfolio projects that are currently in development. The company notes it has secured off-taker and financing commitments for 250 MW in projects throughout South Carolina and Oregon, all of which will be operational by the end of this year.

“Pine Gate Renewables has assembled a team of accomplished professionals, and in a short amount of time, has created an impressive portfolio of projects that will deliver clean, consistent, low-cost electricity to American consumers and businesses for years to come,” comments Dan Yonkin, senior director of structured finance for Sol Systems.

The utility off-taker for the Collier Solar project is PacifiCorp, and the utility off-taker for the Darlington Solar project is Duke Energy Progress.

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