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Fundamental Renewables sets aside $100m for Pivot Energy’s solar and storage buildout
Investors - OCTOBER 18, 2022

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Fundamental Renewables sets aside $100m for Pivot Energy’s solar and storage buildout

by Kali Persall

Fundamental Renewables, a provider of debt financing for renewable-energy projects, has plans to provide a $100 million revolving development loan facility to Pivot Energy to fund a diverse range of solar and storage projects across the United States.

The facility provides Pivot Energy with the financial flexibility to accelerate the development and initial construction efforts of its large pipeline of distributed generation solar projects throughout the loan's three-year term. The list of projects includes community solar development in states such as New York.

“This facility for Pivot Energy underscores Fundamental Renewables' commitment to working with industry leaders that are accelerating the transition to clean energy,” said Mark Domine, managing director and head of originations at Fundamental Renewables. “We are excited to forge this relationship with Pivot Energy to expand their already robust portfolio, particularly in community solar projects that will

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