Project Finance Brief: Pivot Energy Secures $203 Million for Solar Projects
Aspen Power acquires 37 MW community solar portfolio
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Pivot Energy, a solar provider that develops, finances, builds, owns, and manages solar and energy storage projects, secured a $203 million financing facility to support the construction of 100 MW of distributed generation solar projects in the U.S. Silicon Valley Bank, a division of First Citizens Bank, will lead the debt facilities, and Foss & Company will make the initial tax equity investment. The 100 MW portfolio comprises 35 community solar, and C&I projects planned to reach commercial operation between Q2 2023 and Q2 2024.
