Pivot Energy, a national solar provider that develops, finances, builds, owns, and manages solar and energy-storage projects, has closed a $190 million financing facility to support a multi-state portfolio of distributed generation solar projects.
The 90-megawatt portfolio comprises more than 40 solar projects, 80 percent of which are community solar, and 20 percent of which are commercial and industrial (C&I) power-purchase agreements (PPAs). The portfolio is diversified across project types, client-offtake arrangements and geographic reach, with projects located in New York, Illinois, Colorado, Minnesota, California and New Jersey.
This represents the first portfolio of projects Pivot will build, own and operate since it was acquired by ECP in June 2021.
