Asheville, NC (June 25, 2020) –Pine Gate Renewables (PGR) announced today it has entered into a joint venture partnership with Silver Creek Energy. The new holding company, Silver Pine Energy Holdings, will develop, finance and build utility-scale solar projects.
The entity is currently exploring over 20 developments throughout the Southeast totaling more than 1 GW of new solar projects that have the potential to energize over the next three years.
“Our team is very enthusiastic about the projected success for this new Silver Pine joint venture. Right now, we’re overseeing 22 projects in the Southeast and focused on bringing cost-competitive solar to local communities in the region”, said Ben Catt, CEO of Pine Gate. “The principals at Silver Creek Energy have significant experience and tenure in the utility-scale solar space, and their talents dovetail perfectly with ours. The combined effort of our two organizations will help effectively develop dozens of new projects across the Southeast and beyond for years to come, and we’re excited to get to work.”
The principals of Silver Creek Energy are former executives from Cypress Creek Renewables.
“With this new partnership, we are able to work on a dynamic new level of innovation in solar energy development and finance”, said Matt McGovern, CEO of Silver Creek Energy. “We are looking at the landscape of solar energy across the country and we continue to be enthusiastic about this pipeline. The combination of these projects with the expertise at Pine Gate Renewables is going to yield incredible results.”
This joint venture comes at a time when the solar energy field is rapidly expanding in large part because of decreasing costs for solar energy and increasing demand in renewable energy. According to Solar Energy Industries Association® (SEIA) there are more than 2,100 developments in operation that generate about 48 gigawatts (GW) of power. More than 30 GW of solar development is under construction or in the planning stages.
About Pine Gate Renewables
Pine Gate is a leading developer, financier, EPC and operator of solar projects across the United States. PGR currently operates more than 400MWs of renewable energy projects and has an additional 4GWs of projects in different stages of development throughout the country. Pine Gate is headquartered in Asheville, NC, as well as locations in Charlotte, NC, and Jacksonville Beach, FL. To learn more about Pine Gate Renewables and its mission to Get Solar Done, visit PineGateRenewables.com.
About Silver Creek Energy
Silver Creek Energy is a leading developer of utility scale solar projects throughout the US. Created by the founders and former executives of Cypress Creek Renewables, Silver currently manages a pipeline of more than 1 GW of solar projects. For more information, please visit SilverPineEnergy.com.