Tag: Pivot Energy
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Pivot Energy closes $200M in financing for 100 MW multi-state distributed solar portfolio
Pivot Energy has secured a ~$203 million financing facility to support a multi-state portfolio of distributed generation solar projects. Silicon Valley Bank (SVB), a division of First Citizens Bank, will lead the debt facilities, and Foss & Co. will make the initial tax equity investment. The 100 MWdc portfolio comprises 35 community solar and C&I projects planned……
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Solar costs rising: kWh Analytics finds a unique insurance solution
Climate insurance provider kWh Analytics has partnered with Pivot Energy LLC to provide Solar Revenue Put production insurance for multiple distributed solar projects totaling 70 MW across six states. The Solar Revenue Put was added post financial close to improve leverage from lenders Silicon Valley Bank, Cadence Bank and Bank United. Everest is the main……
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Extra Space Storage’s solar portfolio with Pivot Energy to surpass 15 MW
National renewable energy provider Pivot Energy is set to install nine additional rooftop solar systems on Extra Space Storage facilities. These systems will add 946.8 kW of capacity to an expansive renewable energy portfolio that now totals 15 MW. The rooftop solar arrays developed throughout this partnership will produce about 20 million kWh of electricity….…
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Pivot Energy completes 34-MW community solar portfolio via Illinois Adjustable Block Program
Pivot Energy has completed 12 new community solar gardens located across Illinois, totaling 34-megawatts of emission-free, clean, and local electricity. Pivot Energy was awarded the portfolio in 2019 as part of the Illinois Adjustable Block Program. Nine of the solar gardens are currently operational and producing clean energy for ComEdRead More — Solar Builder magazine
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Joliet Junior College adds solar array to power 22 percent of the campus via Pivot Energy
Pivot Energy and Joliet Junior College in Illinois (JJC) have completed and activated the 1.3-megawatt onsite solar system at JJC’s Main Campus. The solar array, with 3,542 solar panels, was installed by national solar developer Pivot Energy and will save the college more than $1.6 million in electricity expenses overRead More — Solar Builder magazine