Pine Gate Gets Nod for Bankruptcy Sales to Amazon, Fundamental

Bankrupt Pine Gate Renewables LLC advanced an $83 million solar project sale to Amazon.com Inc., while offloading the rest of the assets it used to secure $624 million in loans from Fundamental Renewables.

Judge Christopher Lopez of the US Bankruptcy Court for the Southern District of Texas said at a hearing Monday he would approve a set of three transactions, including Amazon Energy LLC’s agreement to buy what Pine Gate previously called the country’s largest proposed solar project, subject to review of final orders.

Amazon will work with renewable energy developer Gallatin Power Partners LLC as part of a deal ...