Filing Alert: Pine Gate Renewables Chapter 11
Pine Gate Renewables, LLC, an Asheville, NC-based developer and owner-operator of utility scale solar and energy storage projects, filed for Chapter 11 prote...
Pine Gate Renewables, LLC and its debtor affiliates⁽¹⁾, an Asheville, NC-based developer and owner-operator of utility scale solar and energy storage projects, filed for Chapter 11 protection on Nov. 6 in the U.S. Bankruptcy Court for the Southern District of Texas.
The company reports $1 billion to $10 billion in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-90669.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Counsel:
- Timothy A. (Tad) Davidson II
Hunton Andrews Kurth LLP
Email: taddavidson@hunton.com
Bankruptcy Co-counsel:
- Latham & Watkins LLP
Financial Advisor / CRO:
- Alvarez & Marsal North America, LLC (Mark Rajcevich)
Investment Banker:
- Lazard Frères & Co. LLC
Signatories:
- Ray Shem – President and Chief Financial Officer
Claims Agent:
- Omni Agent Solutions, Inc.
Equity Security Holders:
- PGR Holdco, LP – 100% Equity Interest