✉news EnvironmentEnergy first seen 1 d ago, last 1 d ago, peak #21
Pivot Energy secures $173 million loan for solar consolidation
Original: Pivot Energy lands $173M term loan to consolidate solar portfolio
US solar company Pivot Energy has obtained a $173 million term loan that it will use to consolidate its solar portfolio. The financing gives the Denver-based community solar developer fresh capital to fold existing projects into a single structure and support further growth in distributed solar. The deal adds to a run of financing activity in the community solar sector as developers look to scale.
Why now: The loan is a sizeable financing deal in the fast-growing community solar market, drawing attention from energy and clean-tech observers.
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