Pivot Energy Closes $450 Million in Financing to Support Construction of 300 MWdc of Distributed Generation Projects

Stoel Rives represented Pivot Energy in closing a $450 million debt warehouse facility, which, together with a structured equity investment from HA Sustainable Infrastructure Capital, Inc., in a new project joint venture, will support the construction of a portfolio of 96 distributed generation projects under development by Pivot nationwide. With a total capacity of 300 MWdc and located across California, Colorado, Delaware, Hawaii, Illinois, Maryland, Minnesota, New York, and Virginia, the projects are slated to be operational in the next two years.

Pivot Energy, a Certified B Corporation, is a leader in the development of onsite solar projects and small utility solar projects, including community solar, in the U.S. The company is committed to accelerating the energy industry’s transition to a more decentralized and cleaner approach to power generation and to positively contributing to the local communities and people it serves.

A team led by Miles Killingsworth included Kevin Pearson, Bo Harvey, Melissa Foster, Sylvia Koh, William Leo, Meagan Smith, and others.

For more information, see the Pivot Energy press release.