Pristine Sun Receives $250-Million Capital Commitment.
We’re pleased to announce that we’ve received a $250-million capital commitment from strategic private equity and family office investors to develop renewable energy projects. The equity commitment will allow us to develop, finance, and build up to 5 gigawatts (GW) of solar projects.
The capital commitment will support us on proposed and active renewable-energy projects in Texas, California, Louisiana, and allow us to explore additional opportunities in the continental U.S. .
“We have an aggressive plan to rapidly develop significant solar projects in California, Texas, and Louisiana.”
“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, and Louisiana. Three projects will exceed 1 GW, making them some of the largest in the world. 1 GW is about the capacity of two to three large coal or natural gas plants. $250 million will allow us to develop, construct, and operate these projects to power hundreds of thousands of homes and businesses with clean energy. The demand for low-cost renewable energy has never been greater, and we’re delighted to continue as a leader in the clean power revolution.”