March 25, 2025

Asheville, North Carolina – Pine Gate Renewables, LLC, announced the closing of a $300 million loan facility with Brookfield Asset Management (“Brookfield”), through its infrastructure debt platform. The financing solution will be used to accelerate a geographically diverse set of assets across development, construction, and those in operation. The maturity of Pine Gate’s assets aligned with the flexible structure of the facility as the company looks to unlock additional value from its pipeline of projects. Partnerships with premier institutions like Brookfield are critical to scaling Pine Gate’s operations as an independent power producer (IPP).

“Collaboration is a core value at Pine Gate and one of the driving forces behind delivering sustainability at scale,” said Meghan Comiskey, Executive Vice President of Structured Finance. “This new partnership with Brookfield exemplifies our superior ability to attract and deploy capital from top-tier organizations.”

Andrew Ehrlickman, Senior Vice President at Brookfield said: “We are pleased to provide Pine Gate Renewables with this financing and support the continued growth of their business. Our infrastructure debt platform has significant experience customizing flexible financing structures for high-quality renewables platforms and we continue to see significant demand for this type of capital.”

 

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About Pine Gate Renewables

Pine Gate Renewables is a developer and owner-operator of renewable energy projects across the United States. Dedicated to delivering sustainability at scale, Pine Gate has over 30 GW of projects in its development pipeline, has closed approximately $10 billion in project financing and capital investment, and operates a fleet of over 2 GW of solar and storage assets. The company also provides services to over 7 GW of third party solar and storage assets through wholly owned subsidiary ACT Power Services. Pine Gate is proud to invest in the communities where we live, develop, and operate projects through corporate partnerships and charitable initiatives supported by the Pine Gate Community Impact Fund.

 

About Brookfield Asset Management

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.

 

Media Contact

Pine Gate Renewables
Maggie Sasser
[email protected]