Pine Gate Renewables
Financials
Estimates*
USD | 2017 |
---|---|
Revenues | 9.7m |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $20.0m | Growth Equity non VC | |
N/A | $500m | Debt | |
* | $200m | Growth Equity non VC | |
* | $300m | Project, real estate, infrastructure finance | |
* | $650m | Growth Equity non VC | |
Total Funding | - |
Recent News about Pine Gate Renewables
EditPine Gate Renewables is a company dedicated to developing solar farms across the United States. They focus on creating clean, renewable energy solutions by partnering with landowners, communities, and utility companies. Their primary clients include landowners with at least 20 contiguous acres of land, local communities interested in sustainable energy, and utility companies looking to integrate solar power into their energy mix.
Operating in the renewable energy market, Pine Gate Renewables specializes in utility-scale solar farm development. This means they build large solar power installations that generate electricity for the local grid. These solar farms are typically located on land leased from landowners, who benefit from a steady income stream while contributing to environmental sustainability.
Pine Gate Renewables' business model revolves around developing, owning, and operating solar farms. They handle everything from site selection and permitting to construction and maintenance. Once a solar farm is operational, the electricity generated is sold to utility companies through long-term power purchase agreements (PPAs). These agreements ensure a stable revenue stream for Pine Gate Renewables while providing utility companies with a reliable source of clean energy.
The company makes money primarily through these PPAs, which guarantee a fixed price for the electricity generated over a specified period. Additionally, they may receive incentives and tax credits for producing renewable energy, further enhancing their financial performance.
In summary, Pine Gate Renewables is a key player in the renewable energy sector, focusing on large-scale solar farm development. They serve landowners, communities, and utility companies, providing sustainable energy solutions that benefit all parties involved.
Keywords: solar farms, renewable energy, landowners, utility companies, power purchase agreements, clean energy, solar development, sustainable energy, solar power, energy solutions.