Nofar USA is sweeping up 979 MW of solar assets from the bankrupt Pine Gate Renewables. (Solar Power World)
Pending court approval, Nofar will pay $285M (plus assume $260M in debt) for the nine-project portfolio, which spans the South and Texas and is largely operational.
Nofar’s CEO pointed to “financial flexibility” as the key driver, hinting that the next phase of the energy transition won’t be defined by who can develop projects, but by who has the balance sheet to buy them when others fail.