Pristine Sun gets $250 million capital commitment to develop projects in Texas, Louisiana and California

In California, Pristine Sun said it has secured a $250-million capital commitment from strategic private equity and family office investors to develop renewable energy projects. The firm said that the capital commitment will support Pristine Sun on proposed and active renewable-energy projects in Texas, California, Louisiana. The new financing will also allow the company to explore additional opportunities in the continental U.S. The equity commitment will allow Pristine Sun to develop, finance, and build up to 5 gigawatts (GW) of solar projects. “We have an aggressive plan to rapidly develop significant solar projects in California, Texas, and Louisiana,” said Troy Helming, Founder and Chairman of Pristine Sun Corporation. “Three projects will exceed 1 GW, making them some of the largest in the world. 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,” he added.

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