Pine Gate Renewables

At Pine Gate Renewables, we’re always looking for ways to stay ahead of the curve. Today, we announced $288 million in preferred equity financing from Blackstone for a portfolio of six solar projects totaling 780 MWdc. We’re pleased to provide another avenue for project capital to support our growing pipeline in addition to traditional tax equity financing. More: https://lnkd.in/ejJCNbMJ

To kick off your Monday, we're continuing our Hurricane Helene Heroes series highlighting Pine Gate Renewables staff who helped those in need after the storm with the hope that their actions might inspire you to support our new charitable initiative: www.pinegategiving.org In the immediate aftermath of Helene, when the Asheville community was understandably shaken and without adequate resources to respond to the unthinkable, Megan Witte evacuated to Georgia and worked to mobilize three truckloads of essentials from Atlanta to Asheville: non-perishable food, water, chainsaw fuel, baby formula, diapers, and so much more. She not only coordinated the collection and transportation of critical supplies, but also returned to Asheville to distribute them, working with people and organizations that hiked and air-dropped the supplies to isolated areas in need. Meg’s selfless support for her community is to be admired, and we are proud to call her our colleague.

In case you missed it, yesterday we launched the Pine Gate Community Impact Fund: pinegategiving.org. Over the next several weeks, we want to spotlight how our employees helped those in need after the storm with the hope that their actions might inspire YOU to support our new charitable initiative. Our first Hurricane Helene Hero spotlight is Steven Von Williamsen (he/him). In the wake of Hurricane Helene’s devastating damage, Steve went above and beyond to help those in need and has quickly become a community hero. When we think of Mr. Rogers’ advice to “look for the helpers,” Steve is the type of helper he was talking about. In the immediate aftermath of the storm, Steve hiked and biked into the devastated area of Black Mountain to personally assist several people to safety. He further took it upon himself to physically check on PGR team members we could not reach. He has distributed food, water, and fuel to many in the area, including in the critical window of time before coordinated relief efforts arrived. He secured the safety of the building and used resources from the office to distribute supplies and food from our pantry to those in need. Just last month, Steve received the first ever “Heart of the Company” award, which perfectly encapsulates who he is as a person, and he continues to display that daily.

Pine Gate Renewables, together with its subsidiaries Blue Ridge Power and ACT Power Services, announced the establishment of a new philanthropic and community giving program, the Pine Gate Renewables Community Impact Fund. Before the end of this year, the Fund will donate $250,000 to eligible nonprofits working in communities within the Hurricane Helene FEMA Major Disaster Declaration areas. Additionally, Pine Gate Renewables has pledged to match every dollar donated to the Pine Gate Renewables Community Impact Fund in 2024, doubling the impact of each dollar donated by corporate and private partners. As an Asheville-based renewable energy enterprise with a third of its workforce located in areas impacted by Hurricane Helene, the Pine Gate Renewables Community Impact Fund launched as an employee-led initiative to support the nonprofit organizations leading storm response and recovery efforts. In the future, the fund will also support community organizations where the company develops and operates renewable energy projects. Eligible organizations are invited to apply for grants that provide measurable, positive impacts to those located in the Hurricane Helene FEMA Major Disaster Declaration areas across the Southeast. For more information and to apply, visit www.PineGateGiving.org. https://lnkd.in/gyvbGsKR

Southern Appalachia endured historic damage as a result of impacts from Hurricane Helene. Headquartered in Asheville, NC, many of our Pine Gate colleagues and their families were directly and significantly affected. Our response efforts are currently focused on their safety and will later transition to the considerable needs of our local communities.  Pine Gate Renewables team, we are committed to supporting you in the days and weeks ahead. To contact the PGR Response Support Team, respond to the text alerts sent to you, direct message here, or email HeleneRecovery@pgrenewables.com. To our partners who have reached out to offer support, we sincerely thank you. Please email HeleneRecovery@pgrenewables.com to reach the PGR Response Support Team.

Thank you #SINVNA and Climate Action for convening such a notable group of institutional investors, government officials, business leaders, and dignitaries for the 2024 Sustainable Investment Forum at #ClimateWeekNYC. Together, we have the power to accelerate our energy transition, meet ambitious decarbonization goals, and reliably deliver the clean, affordable #PowerOfTomorrow. And a very special thank you to Jes for leading an outstanding panel discussion, and Oonagh, Alex, Natasha, Javier, and team for executing a stellar event.

Together we can push the energy transition forward. Thank you to Regan Fink and Brett White for lending your voice and expertise to influence what matters most!

At Pine Gate Academy, we come together to solve the big problems, to celebrate each other, and embrace the idea that as an organization, we can accomplish for more collectively than individually. We collaborated and aligned, we learned and laughed, and we shed a few happy tears as our colleagues were recognized and honored for their hard work and commitment. Congratulations James Aaron, Grit Award Greg Fedie, Creativity Award Cynthia Schadler, Collaboration Award Susan Stanfill, Ownership Award Kelli McGuire, Ownership Award Steven Von Williamsen (he/him), Heart of the Company Award Kelly Westropp, Vanguard Award Steve Levitas, Trailblazer Award

Today, we celebrate the spirit of freedom and unity that defines our nation, and honor the courage and sacrifices that have paved the way for our independence. From the Pine Gate Renewables team, we wish you a joyful and safe 4th of July!

As we commemorate #VirginiaAgricultureWeek, we proudly present one of Pine Gate’s success stories of how utility-scale solar and agriculture mutually support the future of family farmland, communities, and energy. Stratford Solar isn’t just about watts and panels—it’s about progress and tradition. By harnessing the sun, the Stratford Solar facility helps preserve a Virginia family farm while energizing the community. Read more about this Virginia success story here:  https://lnkd.in/eFK4ngGh