Pivot Energy closes financing facility for 100 MW of solar projects

Pivot Energy just announced the closing of a $200+ million financing facility to support a portfolio of solar projects across multiple states. This initiative includes 35 community and C&I solar projects that will be developed and operated by Pivot Energy, with a total capacity of 100 MWdc.

Partagez:

Pivot Energy announces the closing of nearly $203 million in financing to support a multi-state solar energy portfolio in the U.S. Silicon Valley Bank will lead the debt facilities, while Foss & Company will make the initial tax equity investment.

35 projects

The 100 MWdc portfolio includes 35 projects to enter commercial operation between the second quarter of 2023 and the second quarter of 2024. This is the second portfolio of projects that Pivot will build, own and operate since its strategic acquisition by ECP in June 2021.

Community solar subscribers in this portfolio include commercial customers such as municipalities, health care facilities, food services and retailers, as well as residential customers and approximately 8,000 low-income households.

This broader portfolio includes the largest community solar portfolio for low-income households developed to date. It is strategically diverse in terms of project types, client delivery agreements and geographic coverage with projects in seven U.S. states. This geographic and customer diversity is beneficial in bringing clean solar energy to more Americans and strengthening the long-term financial prospects of the portfolio.

  • Populaires ​
North American biomethane market to reach 604 mmcfd in 2025
France: Toul inaugurates 8.5 MW biomass heating plant with ENGIE Solutions
Sasol and Akuo sign major solar energy supply agreement
Sierra Leone launches extensive offshore oil exploration with 60 potential blocks
World Bank resumes nuclear financing after decades of absence
373 MW Cleve Hill Solar Park begins commercial operations in the United Kingdom
Quinbrook Infrastructure Partners announces full operational launch of Cleve Hill Solar Park, now becoming the largest active photovoltaic power plant in the United Kingdom with a total installed capacity reaching 373 MW.
BISOL adopts G12R solar cells to strengthen its European production
European photovoltaic module manufacturer BISOL is integrating G12R solar cells into its product range, replacing the former M10 cells, to improve product performance and technological competitiveness starting from the second quarter of 2025.
Adani Green surpasses 15,000 MW installed capacity and targets record growth
Adani Green Energy Limited becomes the first Indian company to achieve 15,539.9 MW of operational renewable capacity, cementing its position among the global top 10 independent green power producers.
Pronur launches operations in Saudi Arabia to strengthen renewable energy solutions
Italian group Pronur establishes itself in Saudi Arabia with support from AstroLabs, aiming to provide advanced technologies in the renewable energy sector and develop new industrial partnerships.
Ascent Solar Technologies secures $2mn public funding to strengthen cash position
Ascent Solar Technologies, Inc. announces the launch of a $2mn public offering to finance working capital, product development and general expenses.
Ardian acquires 117 solar power plants in Italy to strengthen its energy platform
Ardian Clean Energy Evergreen Fund takes control of 117 photovoltaic plants totalling 116 MW in Italy, further consolidating its presence in the country’s renewable energy sector.
Zelestra secures $282mn financing for hybrid solar and storage project in Chile
Zelestra has secured $282mn financing from Natixis CIB, BNP Paribas and BCI for its Aurora project, combining a 220 MWdc solar plant and 1 GWh storage capacity in the Tarapacá region, Chile.
Egypt launches $200mn industrial solar complex at Ain Sokhna
Egypt has been building an industrial photovoltaic solar complex in Ain Sokhna since June 19, aiming to stimulate strategic local production with a total investment of $200 million funded by the Chinese group Sunrev.
France: Générale du Solaire inaugurates 20 MWc floating solar plant in Alsace
Générale du Solaire has inaugurated in Leutenheim, Bas-Rhin, a floating photovoltaic plant of approximately 20 MWc installed on a former gravel pit, marking the region's first large-scale project supported by successful local participatory funding.
Plenitude and Modine launch 1.585 MWp solar power plant in Italy
Plenitude and Modine have signed an agreement to build a photovoltaic plant with an installed capacity of 1.585 MWp in Pocenia, designed to power thermal and refrigeration equipment at Modine’s Italian industrial site, without initial investment.
NamPower launches $90.3mn solar power plant to secure Namibian energy
Namibia begins construction of its largest solar plant, Sores|Gaib, aiming to reduce dependence on energy imports by leveraging its solar potential, considered among the highest globally according to the World Bank.
Bangladesh Mandates Solar Panels on Public Buildings to Secure Energy Supply
Bangladesh’s interim government has ordered mandatory deployment of solar systems on public building rooftops to reduce reliance on costly fossil fuel imports amid a fragile economic backdrop.
Global electricity access reaches 92%, 666 million people still excluded
The Energy Progress Report 2025 shows an improvement in global electricity access to 92%, but highlights that 666 million people remain without electricity, particularly due to insufficient international funding for rural areas.
Global solar panel recycling market to reach $548mn by 2030
Estimated at $384.4mn in 2025, the global photovoltaic panel recycling market is expected to grow annually by 7.4%, reaching $548mn in 2030, driven by the rapidly increasing number of installations reaching end-of-life.
Global photovoltaic market heading towards $968.32bn by 2030
Estimated at $613.57bn in 2025, the global photovoltaic market is expected to reach $968.32bn by 2030, driven by declining costs and growing demand from residential and utility sectors, according to a MarketsandMarkets analysis published on June 26.
Eurowind Energy invests €174.8mn in major solar park in Romania
Eurowind Energy initiates a €174.8mn investment to build a 220 MW solar park in Vișina, Romania, capable of supplying around 150,000 households annually.
CleanCapital acquires 27 MW solar assets and strengthens US presence
CleanCapital expands its portfolio by acquiring solar and energy storage assets totaling 27 MW in California and Massachusetts from Pacifico Energy to meet growing demand in the United States.
BrightNight launches 300 MW solar plant in Arizona with Cordelio Power
BrightNight and Cordelio Power commission a major 300 megawatt solar project in Arizona, attracting significant investments from JPMorgan and Capital One, with estimated local economic benefits of $180mn.
Austria introduces a 20% bonus for European photovoltaic equipment
Austria is launching an unprecedented 20% bonus on photovoltaic subsidies to promote equipment manufactured in Europe, with a total envelope of €20 million dedicated to solar installations and energy storage systems.
Longi and Pertamina launch 1.6 GW solar plant in Indonesia
Chinese manufacturer Longi will invest alongside Pertamina NRE in a 1.6 GW site at Deltamas, aiming to strengthen the local photovoltaic chain and capture demand expected under Indonesia’s power plan.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS