Pine Gate Filed for Chapter 11 Amid $1B Debt
America ı By Rihem Akkouche
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From 1,000 Employees to Court Supervision
Founded in 2016, Pine Gate once boasted more than 1,000 employees and an ambitious national footprint, developing utility-scale solar projects across multiple states. However, the company’s growth collided with the harsh economics of the post-pandemic energy market, leaving it unable to sustain its aggressive expansion.
The firm now aims to finalize asset sales by the end of 2025 and confirm its Chapter 11 plan in January, signaling a race against time to restructure and survive.
The bankruptcy case has been assigned to U.S. Bankruptcy Judge Christopher M. Lopez in Texas.
Counsel and Representation
Pine Gate is represented by Ray C. Schrock, Andrew M. Parlen, Jason B. Gott, Jonathan C. Gordon, and Alexander W. Welch of Latham & Watkins LLP, alongside Timothy A. (“Tad”) Davidson II, Philip M. Guffy, and Brandon Bell of Hunton Andrews Kurth LLP.
Company representatives did not immediately respond to requests for comment Friday.
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