US solar developer Pine Gate Renewables has signed power purchase agreements (PPAs) for 1GW of utility-scale solar PV in late-stage development in the US.
The PPAs will enable the construction of ten solar projects across the Mid-Atlantic, Southeast and Texas.
Expected to be operational between 2023 and 2024, the plants will require a total investment of US$1 billion.
The announcement comes months after Pine Gate Renewables received a US$500 million investment from sustainable infrastructure investment firm Generate Capital to support its utility-scale solar expansion.
David Groleau, SVP at Pine Gate Renewables, said: “Solar gets done because partners are relentlessly driving forward their environmental commitments, no matter the market challenges or headwinds.”
Pine Gate Renewables currently has a pipeline of 20GW of solar and storage projects in development throughout the US.