Energy Storage News•about 1 month ago
Amazon buys ready-to-build Oregon solar-plus-storage project from bankrupt developer Pine Gate
- •Amazon has acquired the 1.2GW Sunstone solar-plus-storage project in Oregon, one of the largest in the US, from bankrupt developer Pine Gate.
- •This acquisition by a major corporate off-taker highlights the strong demand for large-scale, ready-to-build renewable assets and the increasing trend of direct ownership by large power consumers.
- •The transaction underscores the market for distressed assets and the importance of project viability and financial stability for developers in securing major off-takers.
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