Pivot Energy Closes $190 Million Of Debt And Tax Equity Financing To Support 90 Mw Distributed Generation Solar Portfolio

Apr 18, 2022•over 3 years ago

Amount Raised

$190 Million

Denver

Description

Today, Pivot Energy is excited to announce the closing of a $190 million financing facility to support a multi-state portfolio of distributed generation solar projects. Silicon Valley Bank (SVB) will lead the debt facilities and Foss & Company (Foss) will make the tax equity investment. The 90 megawatt (MW) portfolio comprises over 40 solar projects, approximately 80% community solar, and 20% commercial and industrial (C&I) power purchase agreements (PPAs).

Company Information

Company

Pivot Energy

Location

Denver, Colorado, United States

About

Pivot Energy is a national solar provider that develops, finances, builds, owns, and manages solar and energy storage projects. Pivot offers a distributed energy platform that includes a range of services and software aimed at serving the full solar ecosystem. Pivot is a 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 (ESG) factors. Learn more at pivotenergy.net.

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Pivot Energy Closes $190 Million Of Debt And Tax Equity Financing To Support 90 Mw Distributed Generation Solar Portfolio

Description

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