HomeUSAPivot Energy Raises Over $450M in Major Financing

Pivot Energy Raises Over $450M in Major Financing

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Pivot Energy

Pivot Energy, a Denver, CO-based national renewable energy provider and independent power producer, raised over $450M in debt warehouse facility.

The facility was led by First Citizens Bank, with participation from ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds. 

The company intends to allocate the amount to support construction of 300 Megawatts of U.S. community solar projects and financing agreement to date. The projects are expected to be operational within the next two years, located across nine states: California, Colorado, Delaware, Hawaii, Illinois, Maryland, Minnesota, New York, and Virginia.

Pivot Energy is an energy provider and independent power producer that develops, finances, builds, owns, and manages solar and energy storage projects. It leverages its renewable expertise to provide a range of offerings that accelerate the clean energy transition by helping companies and communities attain impactful decarbonization. It is a U.S.-based Certified B-Corporation that follows a corporate strategy aimed at providing a positive impact on society as measured by Environmental stewardship, Social leadership, and responsible Governance factors.

In addition, Pivot closed on a structured equity investment from HA Sustainable Infrastructure Capital, Inc. (“HASI”) in a new project joint venture (JV).

FinSMEs

21/11/2024

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