Pine Gate Renewables filed for Chapter 11 bankruptcy in Texas and is pursuing a sales process for substantially all of its assets and business operations.
- Secured financing commitments from some current lenders that will be used to support operations
- ACT Power Services is not part of the Chapter 11 process
- Pine Gate expects to complete the marketing and sales process in about 45 days
- NOTE:
Solar Firm Pine Gate Preparing for Potential Bankruptcy Filing
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