Pivot Energy secured $450 million in debt financing led by First Citizens Bank, ATLAS SP, and HASI to support the construction of 300 Megawatts of community solar projects.

Nov 21, 2024•8 months ago

Amount Raised

$450 Million

DenverEnergy

Investors

Ha Sustainable Infrastructure Capital, Inc.Atlas Sp PartnersFirst Citizens Bank

Description

Pivot Energy has announced a significant financing agreement consisting of a $450 million debt warehouse facility and a structured equity investment. This funding will enable the construction of 300 Megawatts of distributed generation projects across the U.S., marking Pivot's largest financing agreement to date.

Company Information

Company

Pivot Energy

Location

Denver, Colorado, United States

About

Pivot Energy is a renewable energy provider and independent power producer that develops, finances, builds, owns, and manages solar and energy storage projects. Pivot leverages its renewable expertise to provide a range of unique offerings that accelerate the clean energy transition by helping companies and communities attain impactful decarbonization. Pivot is a U.S.-based Certified B-Corporation that proudly follows a corporate strategy aimed at providing a positive impact on society as measured by Environmental stewardship, Social leadership, and responsible Governance factors. Pivot Energy is an ECP portfolio company.

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Pivot Energy secured $450 million in debt financing led by First Citizens Bank, ATLAS SP, and HASI to support the construction of 300 Megawatts of community solar projects.

Investors

Description

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