Pine Gate Renewables is developing solar energy. The company has just signed contracts for nearly 1 GW of solar development projects. A sign of the willingness of its partners to commit to the energy transition.
A strategy focused on solar energy
Pine Gate Renewables, signs major 1 GW power purchase agreements. The company, which has a presence throughout the United States, intends to establish a long-term presence in this sector. As a result, the power purchase agreements will allow for the construction of ten new large-scale solar projects.
The company plans to invest more than $1 billion in the Atlantic Seaboard, Southeast and Texas regions. According to her, these projects will bring significant economic development benefits to local communities. In 2021, the North Carolina-based company was on Fast Company’s list of most innovative companies.
Committed partners
This success is also an opportunity for its partners who are seriously considering their energy transition. David Groleau, Executive Vice President of Pine Gate Renewables, is quick to point out that the company is committed to this:
“Our partners are truly the driving force behind renewable energy growth in this uncertain environment. Solar is happening because partners are relentlessly advancing their environmental commitments, regardless of market challenges or headwinds. These PPAs are a testament to the flexibility, creativity and vision of our partners.”
In addition, the company says the projects will come online between 2023 and 2024.
