By McCord Pagan (June 23, 2022, 5:59 PM EDT) — Guided by Gibson Dunn & Crutcher LLP, utility-scale solar power and storage business Pine Gate Renewables said Thursday it landed a total of $500 million from infrastructure investment group and Foley & Lardner LLP-advised Generate Capital.
Pine Gate’s proceeds from the $200 million equity stake and $300 million financing will be used to construct and develop renewable energy projects, according to a statement. Pine Gate owns and operates 1 gigawatt of renewable energy projects and has another 20 gigawatts in active development across the United States, it said.
“Pine Gate is thrilled to be partnering with Generate to accelerate the growth…
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