ECP has acquired national commercial and community solar developer, Pivot Energy, for an undisclosed amount.
Pivot develops, finances and manages commercial and community solar projects across the United States. The company serves the full commercial solar ecosystem, including retail customers, project developers, system operators, utilities and financiers, while also providing community solar to local governments, school districts, nonprofits, low-income housing authorities and residential customers.
According to ECP, the acquisition will provide Pivot with increased access to capital to bolster its growth within the community solar sector.
“Pivot is a true pioneer in one of the fastest growing segments of the renewables sector,” said Rahman D’Argenio, partner of ECP. “Through its leadership position in community solar, the company is rapidly expanding access to low-cost, renewable energy to historically underserved communities across the U.S.”
