Pine Gate Renewables has closed on a $288 million preferred equity investment with funds affiliated with Blackstone Credit & Insurance.
The investment supports six solar projects across two states totaling 780 MW, backed by corporate offtake agreements.
“Leading Pine Gate’s first preferred equity investment was a significant milestone for our team and the enterprise at large,” says Pine Gate Renewables’ Meghan Comiskey.
“A multi-portfolio transaction with the exceptional partnership of Blackstone enables us to scale our business efficiently as we generate The Power of Tomorrow.”
Stoel Rives advised Pine Gate Renewables on the transaction. Milbank LLP advised Blackstone Credit & Insurance.
The post Pine Gate Renewables Closes $288M Preferred Equity Financing with Blackstone appeared first on Solar Industry.
We all admit that the MAGA base is composed of the most ignorant of Americans, but one has to think that even these people are losing their patience with Trump and the onslaught of catastrophes he’s bringing to the United States.
It’s hard to think of a bad trait that Trump doesn’t manifest.
He certainly has pettiness and vindictiveness nailed.
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