Pivot Energy Secures $173 Million Term Loan for Solar Portfolio
Pivot Energy has secured a $173 million term loan facility to finance its distributed solar portfolio, which includes 51 community-scale projects totaling 135 MWdc across six states. The financing was provided by First Citizens Bank, Huntington Bank, and BankUnited—longtime partners of Pivot—and marks the company's first term loan structure. This transaction consolidates three previous portfolios under a single facility, allowing Pivot to free up capacity in its revolving construction fund for future projects. The move is seen as an important step toward scaling operations while delivering economic benefits such as local jobs and community investment through agrivoltaics and other initiatives. Pivot Energy aims to strengthen the grid by providing reliable power solutions tailored to utilities, corporate buyers, and ratepayers across the U.S.