Pivot Energy Closes $173 Million Term Loan Facility for 135 MWdc Distributed Solar Portfolio
Key Highlights
- ➤Pivot Energy closes $173 million term loan for 135 MWdc solar portfolio
- ➤Facility covers 51 community-scale projects across six states
- ➤Financing consolidates Pivot’s first three portfolios under one term structure
- ➤Transaction frees revolving construction capacity for additional project construction
- ➤First Citizens, Huntington Bank, and BankUnited provide takeout financing
Expert Statements
Bret Labadie, Chief Financial Officer at Pivot Energy
“Closing our first term loan across a consolidated portfolio is an important step for Pivot”
Bret Labadie, Chief Financial Officer at Pivot Energy
“We’re grateful to First Citizens, Huntington, and BankUnited, who have supported Pivot from the start.”
Bret Labadie, Chief Financial Officer at Pivot Energy
“This financing gives us the flexibility to grow faster and deliver lasting value where our projects are built, from community investment and agrivoltaics to local jobs and economic development.”
Bret Labadie, Chief Financial Officer at Pivot Energy
“As the electricity landscape becomes more complex, we’re proud to work alongside utilities, corporate energy buyers, and ratepayers to deliver local, reliable power that strengthens the grid.”
Mike Lorusso, Head of First Citizens Bank’s Energy Finance business
“First Citizens is pleased to continue building on our long-standing relationship with Pivot Energy”
Mike Lorusso, Head of First Citizens Bank’s Energy Finance business
“This financing reflects the strength and diversity of Pivot’s distributed solar portfolio, and we’re proud to support the company through its next stage of growth.”
Pivot Energy Closes $173 Million Term Loan Facility for 135 MWdc Distributed Solar Portfolio PR Newswire
DENVER, Oct. 8, 2026 /PRNewswire/ -- Pivot Energy , an impact-focused independent power producer of distributed-scale solar and energy storage, today announced the closing of a $173 million term loan facility for a portfolio of 51 community-scale solar projects totaling 135 Megawatts (MWdc) across six states.
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