Pivot Energy Secures 173 Million Dollar Loan for Solar Portfolio
Pivot Energy has closed a 173 million dollar term loan facility to refinance 51 community solar projects totaling 135 megawatts across six states.
FTMQ Climate, written by our newsroom0 views
Pivot Energy, an independent power producer focused on distributed scale solar and energy storage, has closed a 173 million dollar term loan facility. Power Magazine and Yahoo Finance Singapore both report that the financing covers a portfolio of 51 community scale solar projects totaling 135 megawatts across six states. [1][3]
The takeout financing was provided by financial partners First Citizens Bank, Huntington Bank, and BankUnited. According to Power Magazine, the new loan facility refinances the 51 projects out of the construction warehouse of Pivot Energy. [1]
The transaction consolidates the first three portfolios of the company under a single financing structure. Power Magazine reported that Pivot Energy operates as an impact focused developer in the distributed energy sector. [1]
In short
- Pivot Energy closed a 173 million dollar term loan facility.
- The loan covers 51 community solar projects totaling 135 megawatts.
- First Citizens Bank, Huntington Bank, and BankUnited provided the financing.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Pivot Energy Closes $173-Million Loan for 135 MW of Solar CapacityPower Magazine, 6h ago (the report this story comes from)
- [2]Green Energy Corridor To Evacuate 135 GW Renewable Power: MNRE SecyBW Businessworld, 18h ago
- [3]Pivot Energy Closes $173-Million Loan for 135 MW of Solar CapacityYahoo Finance Singapore, 6h ago
Our newsroom writes these reports with the help of software, from the 3 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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