Connection

popular articles

South Korea relaunches its nuclear policy with two new reactors
Harbour Energy acquires Wintershall Dea
France: Final adoption of the renewable energy reform
Reducing methane emissions: a major challenge
China increases coal production for energy security

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.
  • [favorite_button]

Please share:

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.

Register free of charge for uninterrupted access.

Publicite

Latest news

European Energy and Ammongas launch CO₂ capture project targeting 150,000 tons annually
Energy Estate acquires strategic energy complex in California to produce hydrogen
Gaia carbon capture project secures key pre-qualification in Denmark
Boralex secures two 450 MW solar contracts in New York State
Europe commits €800bn to defence, destabilising strategic metals supply balance

Recently published in

AES signs two deals to deliver 650 MW of solar to Meta data centres

AES will supply 650 MW of solar capacity to Meta through two long-term power purchase agreements in the United States, strengthening its position in the Southwest Power Pool market.
Boralex secures two 450 MW solar contracts in New York State
Boralex signed renewable energy certificate contracts with New York’s energy authority for two solar projects totalling 450 MW in capacity.
en_1140290968540-5
Boralex secures two 450 MW solar contracts in New York State
Boralex signed renewable energy certificate contracts with New York’s energy authority for two solar projects totalling 450 MW in capacity.
en_1140290968540-5
Ivory Coast approves $60mn solar power plant in Katiola
The Ivorian government has approved a 25-year concession for an 85,934 MWh solar power plant in Katiola under a public-private partnership with Swiss energy firm JC Mont-Fort.
en_1140290969540-4
Ivory Coast approves $60mn solar power plant in Katiola
The Ivorian government has approved a 25-year concession for an 85,934 MWh solar power plant in Katiola under a public-private partnership with Swiss energy firm JC Mont-Fort.
en_1140290969540-4
Greencells signs 68.48 MWp EPC contract with Enray in the United Kingdom
German group Greencells strengthens its UK presence through an EPC and O&M agreement with Enray Power for a solar plant incorporating an energy storage system in North Yorkshire.
en_1140290973540-4
Greencells signs 68.48 MWp EPC contract with Enray in the United Kingdom
German group Greencells strengthens its UK presence through an EPC and O&M agreement with Enray Power for a solar plant incorporating an energy storage system in North Yorkshire.
en_1140290973540-4

Urban Grid launches solar apiary in Virginia to strengthen its agrivoltaic model

Urban Grid sets up honey production at its Crystal Hill solar site, combining beekeeping and farming to trial new land management models.
Ecopetrol acquires Statkraft’s solar assets in Colombia to strengthen its portfolio
Ecopetrol acquires Statkraft’s Colombian subsidiary, including eight projects under development and the 130 MW Portón del Sol solar plant.
en_1140290952540-11
Ecopetrol acquires Statkraft’s solar assets in Colombia to strengthen its portfolio
Ecopetrol acquires Statkraft’s Colombian subsidiary, including eight projects under development and the 130 MW Portón del Sol solar plant.
en_1140290952540-11
Qair launches two hybrid solar plants totalling 30 MWp with storage in Chad
French group Qair has begun construction on two hybrid solar plants in N’Djamena totalling 30 MWp with battery storage, under a 20-year BOOT contract with the Chadian government.
en_1140290958540-11
Qair launches two hybrid solar plants totalling 30 MWp with storage in Chad
French group Qair has begun construction on two hybrid solar plants in N’Djamena totalling 30 MWp with battery storage, under a 20-year BOOT contract with the Chadian government.
en_1140290958540-11
Third-party ownership reaches 72% of US commercial solar market in 2024
The third-party ownership model dominates non-residential solar installations in the US, according to Wood Mackenzie, with 2.1 GWdc installed in 2024, a record driven by the rise of transferable tax credits.
en_1140290954540-9
Third-party ownership reaches 72% of US commercial solar market in 2024
The third-party ownership model dominates non-residential solar installations in the US, according to Wood Mackenzie, with 2.1 GWdc installed in 2024, a record driven by the rise of transferable tax credits.
en_1140290954540-9

Enfinity raises €100mn with Eiffel for solar and storage projects in Europe

Enfinity Global secured a €100mn ($108.4mn) bond facility from Eiffel Investment Group to accelerate its energy storage and solar projects across Europe, mainly in Italy and the United Kingdom.
Kuwait opens pre-qualification for two 500 MW solar projects
The Kuwait Authority for Public-Private Partnerships has launched a pre-qualification process to build two photovoltaic plants in the Al Jahra region.
en_1140290962540-5
Kuwait opens pre-qualification for two 500 MW solar projects
The Kuwait Authority for Public-Private Partnerships has launched a pre-qualification process to build two photovoltaic plants in the Al Jahra region.
en_1140290962540-5
Iberdrola Italia inaugurates its third photovoltaic plant in Tarquinia
Iberdrola Italia has inaugurated a new photovoltaic plant in Tarquinia with a capacity of 33 MW, aiming to produce around 50 GWh of solar electricity per year to support industrial electrification.
en_1140290967540-3
Iberdrola Italia inaugurates its third photovoltaic plant in Tarquinia
Iberdrola Italia has inaugurated a new photovoltaic plant in Tarquinia with a capacity of 33 MW, aiming to produce around 50 GWh of solar electricity per year to support industrial electrification.
en_1140290967540-3
SOLV Energy secures over 6 GW of solar and storage projects in the United States
SOLV Energy announces contracts totalling more than 6 GW of solar and storage projects in the United States, with construction launches expected as early as 2025. The projects will span several states including Arizona and California.
en_1140290963540-3
SOLV Energy secures over 6 GW of solar and storage projects in the United States
SOLV Energy announces contracts totalling more than 6 GW of solar and storage projects in the United States, with construction launches expected as early as 2025. The projects will span several states including Arizona and California.
en_1140290963540-3

China’s solar capacity reaches 59.7 GW in Q1 2025, surpassing coal

China added 59.7 GW of photovoltaic capacity in Q1 2025, surpassing coal power generation capacity for the first time, according to the National Energy Administration (NEA).
Engie cancels hybrid solar and battery project in Yass following community objections
Engie cancelled its hybrid solar farm project in Yass after local opposition. The company is now considering installing only a battery system on the site, responding to community concerns.
en_1140290971540-3
Engie cancels hybrid solar and battery project in Yass following community objections
Engie cancelled its hybrid solar farm project in Yass after local opposition. The company is now considering installing only a battery system on the site, responding to community concerns.
en_1140290971540-3
Zambia: Chisamba solar plant (100 MW) accelerates private energy transition
The Chisamba solar power plant, a major private project in Zambia with a $71.5 million investment, has reached 91% completion, aiming to bridge a structural energy deficit through a strategic partnership with a leading mining group.
en_1140290998540
Zambia: Chisamba solar plant (100 MW) accelerates private energy transition
The Chisamba solar power plant, a major private project in Zambia with a $71.5 million investment, has reached 91% completion, aiming to bridge a structural energy deficit through a strategic partnership with a leading mining group.
en_1140290998540
Enviromena secures £3.7m to launch Rhigos Road solar plant in Wales
Close Brothers funds the construction of an 8.99MWp solar plant in Rhigos, marking a new phase in a £200mn partnership with Enviromena.
en_1140291003540
Enviromena secures £3.7m to launch Rhigos Road solar plant in Wales
Close Brothers funds the construction of an 8.99MWp solar plant in Rhigos, marking a new phase in a £200mn partnership with Enviromena.
en_1140291003540

RWE installs 141,000 solar panels on mining land along the A44n motorway

RWE is developing over 86 MWp of solar capacity on recultivated land in the Rhenish region, with commissioning scheduled by the end of 2025.
ReNew Energy invests Rs22,000 crore in 2.8 GW hybrid project in India
ReNew Energy Global commits Rs22,000 crore ($2.57bn) to develop a 2.8 GW solar-wind hybrid power plant in Andhra Pradesh.
en_1140291013540
ReNew Energy invests Rs22,000 crore in 2.8 GW hybrid project in India
ReNew Energy Global commits Rs22,000 crore ($2.57bn) to develop a 2.8 GW solar-wind hybrid power plant in Andhra Pradesh.
en_1140291013540
CVE launches solar and 13.6 MWh battery project in New York State
CVE North America begins construction of a solar and energy storage system on a former landfill site in Riverhead, marking a new strategic investment in the United States.
en_1140290944540-9
CVE launches solar and 13.6 MWh battery project in New York State
CVE North America begins construction of a solar and energy storage system on a former landfill site in Riverhead, marking a new strategic investment in the United States.
en_1140290944540-9
Google commits to 600 MW of solar with energyRe in South Carolina
The tech giant strengthens its partnership with energyRe through a second agreement covering more than 600 MW of solar projects, bringing the total commitment to over 1 GWac of renewable capacity.
en_1140290948540-9
Google commits to 600 MW of solar with energyRe in South Carolina
The tech giant strengthens its partnership with energyRe through a second agreement covering more than 600 MW of solar projects, bringing the total commitment to over 1 GWac of renewable capacity.
en_1140290948540-9

TOYO posts $40.5mn net profit in 2024 despite tripled expenses

Solar solutions manufacturer TOYO Co., Ltd released revised financial results for 2024, reporting a significant increase in net profit despite a sharp rise in operating expenses.
Sungrow to supply 835 MW of inverters to Juniper Green Energy in India
Sungrow has secured an 835 MW order for photovoltaic inverters from Juniper Green Energy for solar projects in India, reinforcing its position in the Asian renewable energy market.
en_1140290963540-2
Sungrow to supply 835 MW of inverters to Juniper Green Energy in India
Sungrow has secured an 835 MW order for photovoltaic inverters from Juniper Green Energy for solar projects in India, reinforcing its position in the Asian renewable energy market.
en_1140290963540-2
Undocumented communication components discovered in Chinese inverters
Undocumented embedded devices have been found in Chinese inverters and batteries connected to power grids, raising growing concerns among US energy security officials.
en_1140290953540-8
Undocumented communication components discovered in Chinese inverters
Undocumented embedded devices have been found in Chinese inverters and batteries connected to power grids, raising growing concerns among US energy security officials.
en_1140290953540-8
AIKO surpasses 1 GW in orders for its INFINITE solar modules in Europe
Chinese manufacturer AIKO recorded over 1 GW in orders for its INFINITE solar module range during Intersolar Europe 2025, strengthening its commercial foothold in the European market.
en_1140290958540-8
AIKO surpasses 1 GW in orders for its INFINITE solar modules in Europe
Chinese manufacturer AIKO recorded over 1 GW in orders for its INFINITE solar module range during Intersolar Europe 2025, strengthening its commercial foothold in the European market.
en_1140290958540-8

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS