Pivot Energy Closes $190 Million Of Debt And Tax Equity Financing To Support 90 Mw Distributed Generation Solar Portfolio
Pivot Energy Closes $190 Million Of Debt And Tax Equity Financing To Support 90 Mw Distributed Generation Solar Portfolio
04/18/22, 9:05 AM
Location
denverMoney raised
$190 million
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 Info
Location
denver, colorado, united states
Additional Info
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.