Business
Pivot Energy and Tapestry, Inc. Announce Completion of Three Illinois Community Solar Projects
Pivot Energy, a leading national renewable energy provider and independent power producer, and Tapestry, Inc. (NYSE: TPR), a global house of iconic accessories and lifestyle brands uniting the magic of Coach and Kate Spade, are celebrating a milestone in their partnership. Today, Pivot announced the completion of three Illinois community solar projects, totaling 13.475 megawatts (MWac).
About this update from Tapestry, Inc.
[{"type":"text","content":"The two companies energize nearly 15 megawatts of renewable energy ","length":66,"tagName":"p","attribs":{}},{"type":"text","content":"PEORIA, Ill., Jan. 8, 2026 /PRNewswire/ -- Pivot Energy, a leading national renewable energy provider and independent power producer, and Tapestry, Inc. (NYSE: TPR), a global house of iconic accessories and lifestyle brands uniting the magic of Coach and Kate Spade, are celebrating a milestone in their partnership. Today, Pivot announced the completion of three Illinois community solar projects, totaling 13.475 megawatts (MWac).","length":432,"tagName":"p"},{"type":"text","content":"The ProjectsThe three new Illinois community solar projects – financed, developed, owned, and operated by Pivot – are in Peoria, Dover, and Ottawa. They are the first of five Pivot community solar projects to be developed and completed in Illinois and part of a 15-year agreement with Tapestry, which is purchasing Renewable Energy Credits (RECs) from Pivot, produced by the projects. Collectively, the solar projects are expected to generate more than 23,000 megawatt hours of renewable energy per year, the equivalent of powering approximately 2,500 Illinois households annually. Construction for the two remaining solar projects in the Illinois portfolio is expected to finish by 2030.","length":694,"tagName":"p"},{"type":"text","content":"Community Impact Investment CommitmentsPivot Energy is dedicated to investing in the communities where its projects operate. Across the five projects in this partnership, they plan to contribute more than $115,000 to support local initiatives. To date, nearly $65,000 has already been donated to two Illinois organizations, Illinois Central College (ICC) and HIRE360, to fund workforce training programs that expand access to solar careers across the state. The remaining funds will be donated in the coming years as the other two projects reach key construction milestones.","length":575,"tagName":"p"},{"type":"text","content":"Driving Renewable Transformation Across Tapestry's Global FootprintTapestry's investment in the Illinois community solar portfolio reflects the company's broader commitment to operating responsibly and reducing its environmental impact. In December 2025, Tapestry announced that it had achieved 100% renewable electricity across its stores, offices, and fu...