SUBSCRIBE
PROFILE

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.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99€/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

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.

  • Popular on energynews.pro
World Bank strengthens support for Ghana’s struggling energy sector
NextDecade secures $6.7bn funding for fifth LNG train in Texas
EDF commissions solar plant and smart grid in Maripasoula
The Renewables Infrastructure Group signs 10-year agreement with Virgin Media O2
EDP deploys 10 MWc solar park in Italy combined with livestock activity
Sun Trinity raises rooftop solar portfolio with Aeon Mall to 10 MW
Sun Trinity has commissioned a 3.1 MW solar carport in Nara, bringing its on-site PPA capacity with Aeon Mall to 10.1 MW under a nationwide rollout plan across twelve commercial sites.
Slovenia and Switzerland launch $19mn programme for Alpine energy
A joint programme funded with CHF15.12mn ($19mn) aims to boost energy efficiency and renewables in Alpine regions by 2029.
Canada funds $1.9mn Indigenous solar microgrid in Saskatchewan
Aurora Renewables will develop an intelligent microgrid combining solar, batteries and digital simulation technology to enhance power supply in northern Saskatchewan.
Scatec signs two lease contracts for 64 MW of solar in West Africa
Norwegian firm Scatec expands its presence in West Africa with two solar projects totalling 64 MW and a 10 MWh storage system, under lease agreements signed in Liberia and Sierra Leone.
Ark Energy secures approval for solar and battery project in New South Wales
The New South Wales Government has approved Ark Energy’s hybrid solar and battery project in Richmond Valley, combining a solar power plant and long-duration storage.
Nextracker and T1 Energy partner to produce US-made steel solar frames
Nextracker will supply steel frames for solar modules to T1 Energy in a multi-year deal worth over $75mn, aiming to strengthen the local solar supply chain and reduce dependence on imported aluminium.
Geronimo Power begins construction of 150 MW Bee Hollow solar park in Illinois
Geronimo Power has started construction on the Bee Hollow solar park in St. Clair County, a 150 MW project expected to generate $54mn in direct economic impact for the region.
Aura Power secures financing for 30MW Rayleigh solar farm
Aura Power has finalised financing for its fourth UK solar plant in twelve months, backed by Rabobank, bringing its under-construction capacity to 242 MWp across the country.
GCL equips 146,000 modules for 76 MW agrivoltaic solar plant in Germany
The Tützpatz solar project, developed by Vattenfall and powered by GCL System Integration, combines energy production and agricultural use across 93 hectares without public funding.
Koshidaka signs 1.6MWAC solar deal for 69 Tokyo-area sites
Koshidaka Group signed a 10-year power purchase agreement with Farmland and Eneres to supply its Tokyo-area facilities with electricity from a 1.6MWAC solar plant located in Annaka.
Paired Power and PHNXX launch plug-and-play mobile solar microgrid
The PairPHNXX system, designed for rapid deployment in areas without grid access, targets agricultural, military, and industrial markets with a turnkey modular technology.
Ascent Solar delivers flexible PV cells for marine and orbital testing
Ascent Solar Technologies has delivered samples of its flexible photovoltaic technology to two companies for testing in extreme environments, at sea and in space.
Geronimo Power launches $54mn, 150 MW solar construction project in Illinois
Geronimo Power has started construction of the Bee Hollow solar project, valued at $54mn, in St. Clair County, delivering jobs, tax revenue and a partnership with the IMEA municipal agency.
UK grants approval for 500-MW solar project in Lincolnshire
The British government has approved Tillbridge Solar Farm, a 500-MW solar power plant with 2,310 MWh of energy storage, developed by Tribus Clean Energy and Recurrent Energy.
France: wpd begins construction of 140.6MWc solar park with agricultural co-activity in Marcy
wpd solar France has launched construction of a 140.6MWc photovoltaic park in Marcy, in the Nièvre department, integrating agricultural co-activity across 632 hectares in partnership with five local farms.
CVE commissions 12 MWc solar farm on industrial brownfield site in Volx
Independent energy producer CVE has inaugurated a 12 MWc solar farm on municipal land in Volx, generating 19 GWh annually and an estimated €5mn in economic returns over 30 years.
GreenYellow takes control of 18 rooftop solar plants in Réunion in strategic deal
GreenYellow strengthens its presence in the French overseas territories with the acquisition of 18 rooftop photovoltaic installations in Réunion, totalling 3.1 MWc in capacity, as part of a strategy to consolidate its decentralised energy assets.
Agri-voltaics attract energy developers amid rural land tensions
The rapid rise of agri-voltaic projects in France raises concerns over agricultural impact, land speculation and the economic viability of a still-emerging model.
Empower New Energy signs major industrial solar deal in Tunisia
Norwegian developer Empower New Energy expands in North Africa with a strategic partnership involving ten industrial solar sites for self-consumption in Tunisia.
JA Solar begins mass production of its 650W DeepBlue 5.0 solar modules
Chinese manufacturer JA Solar has started initial deliveries of its 650W n-type DeepBlue 5.0 module from its automated production site in Yangzhou.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

START - 99€/year

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.