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Pine Gate Renewables Solar Assets Sale

Sector: Solar • Location: Asheville, North Carolina, USA

Source: USA Herald

Project
Chapter 11 Bankruptcy Filed

Pine Gate Renewables, a solar energy developer based in Asheville, North Carolina, filed for Chapter 11 bankruptcy protection due to over $1 billion in debt. The company plans to use the court-supervised process to auction its solar projects and operating platform, with existing lenders preparing to submit stalking horse bids for the assets.

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The project “Pine Gate Renewables Solar Assets Sale” is an infrastructure initiative in the Solar sector, located in Asheville, North Carolina, USA. Taiyo aggregates data on it from USA Herald.

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chapter 11 bankruptcy filed

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Description

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Pine Gate Renewables, a solar energy developer based in Asheville, North Carolina, filed for Chapter 11 bankruptcy protection due to over $1 billion in debt. The company plans to use the court-supervised process to auction its solar projects and operating platform, with existing lenders preparing to submit stalking horse bids for the assets.

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