Pristine Sun Corporation has announced a $250 million capital commitment from strategic private equity and family office investors to develop renewable energy projects.
The equity commitment will allow Pristine Sun to develop, finance, and build up to 5 gigawatts (GW) of its solar projects, depending on the capital stack structure.
The commitment will support Pristine Sun on proposed and active renewable-energy projects in Texas, California and Louisiana, and allow the company to explore additional opportunities in the continental United States.
Since 1996, Pristine Sun and affiliates have developed solar and wind farms totaling more than 25 GW (including projects sold to other parties), with another 20 GW of projects in the pipeline.
“We’re thrilled to have this capital commitment,” said Troy Helming, founder and chairman of Pristine Sun Corporation. “We have an aggressive plan to rapidly develop significant solar projects in California, Texas, a