Pivot Energy, a national solar provider with a distributed energy (“DG”) platform serving the full solar ecosystem, has closed on a $190 million tax equity and debt financing facility from Foss & Company and Silicon Valley Bank, respectively, for a 90MW DG solar portfolio located across several U.S. states.
CohnReznick Capital acted as exclusive financial advisor to Pivot Energy on the transaction, managing both the tax equity and debt advisory processes.
Britta von Oesen, CohnReznick Capital Managing Director, said, “Pivot Energy continues to be a leader in community and C&I solar. We’re happy to have advised on this transaction, which brings together collaborative, streamlined capital and furthers the growth of the renewable energy market in the U.S.”
For the full press release, please click here.
About Pivot Energy
Pivot Energy is a national solar provider that develops, finances, builds, owns, and manages solar and energy storage projects. Pivot offers a distributed energy platform that includes a range of services and software aimed at serving the full solar ecosystem. Pivot is a Certified B-Corporation that proudly follows a corporate strategy aimed at providing a positive impact on society as measured by Environmental stewardship, Social leadership, and responsible Governance (ESG) factors. Learn more at pivotenergy.net .
About Silicon Valley Bank
Silicon Valley Bank (SVB) helps innovative companies and investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. The bank’s project finance group works with project owners, sponsors and investors to finance large residential, commercial and industrial, and utility-scale projects. Learn more at svb.com/industry-solutions/cleantech-and-sustainability .
About Foss & Company
Founded in 1983, Foss & Company is a national tax equity investor and fund sponsor that has deployed over $7 billion in tax equity on behalf of insurance, banking, and other large corporate clients into historic rehabilitation projects, renewable energy and advanced energy production facilities. Foss & Company is a full-service advisor with proven expertise in helping our partners navigate the world of tax equity investments. For additional information, visit www.fossandco.com .