Pine Gate files for bankruptcy, seeks buyers for 10GWdc pipeline

Trump’s ‘Big Beautiful Bill’ Just Bankrupted Pine Gate — And The Solar Dominoes Are Starting To Fall - Canadian Solar (NASDAQ:CSIQ), SunPower (NASDAQ:SPWR)

When President Donald Trump signed the "One Big Beautiful Bill" on July 4, he called it a patriotic win for U.S. energy independence. For the solar industry, it's been anything but. The legislation gutted clean-energy tax credits and tightened rules that once made renewable projects viable. Track solar stocks via TAN ETF here. Now, the first major casualty has occurred: Pine Gate Renewables LLC, a North Carolina-based solar developer with over …

Pine Gate laid off 500 workers in October, another 223 face job losses amid bankruptcy

Asheville-based solar power company Pine Gate Renewables could eliminate 223 more workers as it works through bankruptcy. The company, which at one time employed more than 1,000 workers, laid off about 500 workers in October. Pine Gate filed for bankruptcy last week. It reportedly had $4.4 billion in debt against just $8.5 million in cash, according to a filing with the U.S. Bankruptcy Court in Houston. On Oct. 6, Pine Gate received $412 million…

Pine Gate files for bankruptcy, seeks buyers for 10GWdc pipeline

Pine Gate Renewables has filed for Chapter 11 bankruptcy to pursue a court-supervised sale of its solar and energy storage portfolio, along with its independent power producer (IPP) platform.