Pine Gate Renewables finances 101 MW »Bowman« PV plant in South Carolina
Post date: 11/07/2019 - 17:57
US utility-scale solar developer, owner, and operator Pine Gate Renewables announced the commencement on construction of Bowman Solar, LLC. »Bowman« is a 101 MW project spanning 651 acres in Orangeburg County, South Carolina. According to the company, after completion the facility will be »one of the largest solar sites in the state«. Construction on the 849,840 panel project began in Q2 2019 with commercial operation anticipated for Q1 2020. Financing for »Bowman« was led by CIT’s Power and Energy group, which arranged the construction and permanent financing facilities, and US Bank, who arranged the tax equity investment.
»Bowman« is Pine Gate’s thirteenth project in the state of South Carolina. Cumulatively, the company’s South Carolina projects have raised over $400 million in capital and generated nearly $1 million in personal property taxes for local communities to date.