Pine Gate Renewables, a fully-integrated utility-scale solar project developer, closed financing on a 12-project fund of solar and solar plus storage sites in North Carolina. The projects will sell power under long-term contracts to Duke Energy Progress, Duke Energy Carolinas, and Halifax EMC. Crestmark, a division of MetaBank, provided the construction and permanent loan financing, and U.S. Bank provided tax equity for the portfolio. Grissom Solar, a 6.9 MW PV plus 10 MWh energy storage project located in Enfield, North Carolina, is the first to begin construction and provide renewable energy to Halifax EMC. The project is expected to be online in the spring of 2021.