Investment Summary

New Energy Capital and Generate Capital Invest In Pine Gate Renewables

On September 1, 2016, asset manager New Energy Capital and private equity firm Generate Capital invested in renewable energy company Pine Gate Renewables

Investment Highlights
  • This is New Energy Capital’s 6th and Generate Capital’s 1st transaction in the Renewable Energy sector.
  • This is New Energy Capital’s 12th and Generate Capital’s 1st transaction in the United States.
  • This is New Energy Capital’s 2nd and Generate Capital’s 1st transaction in North Carolina.

Investment Summary
Date 2016-09-01
Target Pine Gate Renewables
Sector Renewable Energy
Investor(s) New Energy Capital
Generate Capital
Deal Type Growth Capital

Target

Pine Gate Renewables

Asheville, North Carolina, United States
Pine Gate Renewables is a U.S.-based developer, owner and operator of utility-scale solar farms. Pine Gate has a 500 MW development pipeline, and plans to operate over 200 MW of solar farms by the end of 2017. Pine Gate Renewables’ mission of providing locally generated renewable solar power for communities nationwide is centered on utility-scales sites from 2-100+ MW. The company specializes in land origination, project development, project financing and asset management. Pine Gate Renewables is committed to the broad transformation of our nation’s energy model by making community-based solar an option for everyone. Pine Gate Renewables is based in Asheville, North Carolina.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 2

Investor

New Energy Capital

Hanover, New Hampshire, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2004
Size Small
Type Sector Focused
DESCRIPTION

New Energy Capital is a private investment firm focused on acquiring and investing in renewable energy projects. New Energy looks for controlling interests in biomass, including landfill gas and animal waste-to-energy projects; combined heat and power projects at commercial and industrial facilities; and ethanol and biodiesel projects. New Energy looks for North American opportunities requiring $20 to $200 million of capital. New Energy Capital is based in Hanover, New Hampshire.

DEAL STATS #
Overall 12 of 12
Sector (Renewable Energy) 6 of 6
Type (Growth Capital) 7 of 7
State (North Carolina) 2 of 2
Country (United States) 12 of 12
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 SunEdison

St. Peters, Montana, United States

SunEdison is a global renewable energy development company and is transforming the way energy is generated, distributed, and owned around the world. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison was founded in 1984 and is based in St. Peters, Montana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-11 FLS Energy

Asheville, North Carolina, United States

FLS Energy, Inc. is a full service solar energy provider that owns and operates a portfolio of solar energy assets throughout the U.S. FLS development team takes projects from conception to commissioning and offers complete in-house system design, engineering, construction, financing and turnkey project development.

Sell -
Investor

Generate Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Generate Capital is an investment group focused on investing in and acquiring growth-oriented sustainable businesses. Specific areas of interest include sustainable energy, sustainable transportation, and sustainable water, waste, and agriculture. Generate Capital was formed in 2014 and is headquartered in San Francisco, California.

DEAL STATS #
Overall 1 of 5
Sector (Renewable Energy) 1 of 1
Type (Growth Capital) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Conasa Infraestrutura

Londrina, Brazil

Conasa Infraestrutura is an infrastructure holding company, focused on long term concessions, currently working in the sectors of sanitation, toll roads and lighting, especially for mid-sized concessions in Brazi. Conasa Infraestrutura is based in Londrina, Brazil.

Buy -
Mergr

Product

Company

Legal