# Pine Gate Renewables

Pine Gate Renewables is an Asset Manager based in Asheville, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Asheville, United States
- **Region:** North America
- **Address:** Asheville, NC, United States
- **Assets under management:** Undisclosed
- **Website:** pinegaterenewables.com
- **LinkedIn:** https://www.linkedin.com/company/pine-gate-renewables

## Regulatory record

- **Reports private funds:** No

## About

Pine Gate Renewables was founded in 2016 by principals including CEO Ben Catt and COO Jeffrey Bedell, with financial backing from Generate Capital and other institutional investors. The firm operates a vertically integrated development platform that spans site selection, permitting, financing, construction, and long-term asset management. The firm focuses on US utility-scale solar and battery storage, with a combined pipeline exceeding 10 GW of solar and 6 GW of storage across a dozen states including North Carolina, Texas, California, and New York. Pine Gate monetizes projects through power purchase agreements, merchant sales, and renewable energy certificates, and has contracted with corporate buyers including Google and Meta (confirmed positions per Reuters, 2022). The firm also engages in hybrid solar-plus-storage designs to improve project economics and grid reliability. Pine Gate has raised over $1.5 billion in project-level financing and equity commitments since inception (per Mercom Capital, 2023), employing roughly 200 professionals across offices in Asheville, New York, Houston, Madison, and Toronto. In April 2024, the firm closed a $500 million equity commitment from Generate Capital to fund its near-term pipeline (per Generate Capital news release, April 2024). Pine Gate is asset-intensive, operating as a developer-owner rather than a pure renewable IPP. Pine Gate's structural differentiator is its hybrid capital model: it partners with permanent capital providers like Generate Capital to own and operate assets long-term, while also using project-level debt from commercial banks and institutional lenders. This structure gives Pine Gate a patient capital base that allows it to hold projects through construction and merchant tail risk rather than flipping them pre-construction.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- ClimateTech

## Offices

- New York, NY
- Houston, TX
- Madison, WI
- Toronto, ON

## People

- Ben Catt — CEO
- Jeffrey Bedell — Chief Operating Officer
- Angela Tuell — Chief Financial Officer

## Questions

### Who runs investment decisions at Pine Gate Renewables?

CEO Ben Catt leads the firm's overall strategy and project development decisions. COO Jeffrey Bedell oversees operations and deployment; CFO Angela Tuell manages capital raises and financial structuring. The firm is backed by institutional investors including Generate Capital.

### How does Pine Gate Renewables source proprietary deal flow?

Pine Gate originates projects through its own greenfield development team, which identifies land, interconnection queues, and permitting pathways across US transmission-constrained regions. The firm has a dedicated origination team in each of its regional offices—Asheville, New York, Houston, Madison, and Toronto—and partners with local landowners and utilities for site control.

### Does Pine Gate Renewables participate in fund commitments or only direct deals?

Pine Gate does not manage a fund; it raises project-level debt and equity on an asset-by-asset basis. It has secured committed equity from permanent capital providers like Generate Capital, and uses construction loans and tax equity from commercial banks and institutional investors for individual projects.

### How is Pine Gate Renewables related to Generate Capital?

Generate Capital is a long-term institutional investor in Pine Gate's development pipeline, providing committed equity capital since 2018. Generate holds a board seat but does not control day-to-day operations. The partnership is exclusive in nature but not a formal subsidiary structure (per Generate Capital, 2023).

### Which sectors does Pine Gate Renewables explicitly avoid?

The firm avoids offshore wind, hydrogen, geothermal, and residential or commercial rooftop solar, focusing exclusively on utility-scale onshore solar and battery storage projects. It also does not participate in carbon-offset markets or unsubsidized merchant solar without contracted revenue.

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Last updated: 2026-06-28T01:58:08.748Z

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