Blue Ridge Power, the North Carolina-based engineering, procurement and construction subsidiary of solar developer Pine Gate Renewables, will reportedly lay off more than 500 employees by November 18.
Credit: Blue Ridge Power
Blue Ridge Power President David Sanders filed two Worker Adjustment and Retaining Notification (WARN) Notices with North Carolina Dept. of Commerce on September 18, permanently laying off 169 and 348 employees at its Asheville and Fayetteville businesses, respectively.
“Over the past several months, the company has been impacted by factors beyond its control, including evolving regulatory and capital market environments that have affected many other companies in the renewable energy sector,” Sanders stated in the filings.
Blue Ridge Power unsuccessfully sought additional financing to retain employees, according to the filings. The company is winding down but not ceasing operations. Employees affected by…
