Business
Pivot Energy Secures Over $225 Million from Three Existing Lenders to Advance Community Solar Projects
Pivot Energy ("Pivot"), a leading national renewable energy provider and independent power producer, today announced three important financing agreements totaling $225 million, showcasing the company's continued momentum and commitment to scaling renewable energy production and distributed generation solar.
About this update from First Citizens Bancshares, Inc.
[{"type":"text","content":"DENVER, Dec. 17, 2025 /PRNewswire/ -- Pivot Energy ("Pivot"), a leading national renewable energy provider and independent power producer, today announced three important financing agreements totaling $225 million, showcasing the company's continued momentum and commitment to scaling renewable energy production and distributed generation solar.","length":360,"tagName":"p"},{"type":"text","content":"The financing includes:","length":23,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$170 million upsize to an existing construction warehouse facility with ATLAS SP ("ATLAS") and First Citizens Bank ("First Citizens"), supporting a new portfolio of approximately 60 community solar projects, equivalent to 225 Megawatts (MW) in Illinois, Colorado, Maryland, Virginia, New York, Pennsylvania, Delaware, Michigan, and California.","length":368,"tagName":"p"}]},{"val":[{"type":"text","content":"$40 million equipment facility with First Citizens, supporting purchases of domestically made solar panels from Silfab Solar Inc.","length":134,"tagName":"p"}]},{"val":[{"type":"text","content":"$15 million corporate financing facility with Comerica Bank ("Comerica").","length":88,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":590,"olType":false},{"type":"text","content":"This announcement follows Pivot's $450 million debt warehouse facility secured last year, which was led by First Citizens and ATLAS and ranks among the largest-ever raised by a distributed generation solar company. With these new financing agreements, Pivot's total financing in 2025 now stands at $435 million.","length":324,"tagName":"p"},{"type":"text","content":"Despite federal policy headwinds, this additional $225 million in financing demonstrates the strength and resilience of leading solar developers and asset owners in attracting capital. Backed by Energy Capital Partners ("ECP"), one of the largest private owners of power generation, Pivot is positioned to continue scaling distributed generation nationwide. As demand for reliable energy grows, solar and storage remain the fastest deploying and most cost-effective solutions for meeting that need.","length":508,"tagName":"p"},{"type":"text","content":""We deeply appreciate the expanded commitments from...