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Pivot Energy Secures $173 Million Loan for 135 MW Solar Portfolio
Original: Pivot Energy Closes $173 Million Term Loan Facility for 135 MWdc Distributed Solar Portfolio
Pivot Energy, a Denver-based solar developer, has closed a $173 million term loan facility to support a 135 MWdc portfolio of distributed solar projects across the United States. The financing will fund community and commercial-scale solar installations, expanding access to renewable energy for businesses and communities. The deal highlights growing lender appetite for distributed solar as demand for clean power continues to rise.
Why now: The financing signals continued investor confidence in distributed solar at a time of rapid growth in US renewable energy.
Evidence
- Pivot Energy Closes $173 Million Term Loan Facility for 135 MWdc Distributed Solar Portfolio · Yahoo Finance
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