Pivot Energy Secures $225M to Expand Distributed Solar Portfolio

New updates have been reported about Pivot Energy (PC:PIVOT)

Pivot Energy has announced new financing agreements worth $225 million, reinforcing its strategic growth in the distributed renewable energy sector. This funding consists of a $170 million expansion of an existing construction warehouse facility with ATLAS SP and First Citizens Bank, aimed at financing 60 community solar projects delivering 225 MW of capacity across nine states, including Illinois, Colorado, and California. Additionally, Pivot secured a $40 million equipment financing facility with First Citizens to procure U.S.-made solar panels from Silfab Solar, alongside a $15 million corporate financing facility with Comerica Bank. These commitments elevate Pivot’s total financing in 2025 to $435 million, following last year’s landmark $450 million debt warehouse facility.

Despite challenges from federal policy uncertainty, the capital infusion exemplifies Pivot’s operational resilience and its ability to attract strong financial backing. Supported by Energy Capital Partners, a leading private power generation owner, Pivot continues to execute its mission of expanding distributed solar generation to meet growing energy demand with cost-effective and reliable solutions. CEO Tom Hunt emphasized the significance of enduring partnerships with lenders and reaffirmed the company’s focus on building clean energy projects that stabilize electricity grids and lower costs nationwide. This financing will support Pivot’s growth trajectory as it pursues scalable decarbonization goals and positions itself as a leader in the rapidly expanding solar and energy storage markets.