CRC-IB Advises Pivot Energy on $450M Debt Warehouse Facility and Preferred Equity Investment for 300MW DG Portfolio

Pivot Energy, a leading national renewable energy provider and independent power producer, has successfully closed a debt warehouse facility and secured preferred equity investment to finance the development and construction of 300MWDC of C&I and community solar projects. The portfolio includes 96 projects, slated to be operational within the next two years, and spans nine U.S. states.

CRC-IB acted as exclusive financial advisor to Pivot Energy on the transactions.

The $450M debt warehouse facility is one of the largest ever raised for distributed generation solar and will support the initial portfolio with the potential to upsize for growing project volumes. The preferred equity investment in a new project joint venture will support the same portfolio of projects and includes the optionality to sell tax credits directly to counterparties. Together, these financing facilities enhance Pivot Energy’s operational efficiencies and ability to deliver impactful renewable energy projects for years to come.

“We are pleased to continue supporting Pivot in driving innovation and financing distributed generation solar projects at scale,” said Britta von Oesen, CRC-IB Partner & Managing Director. “This capital structure and financing strategy positions Pivot for long-term growth while advancing its commitment to delivering sustainable energy solutions to communities across the U.S.”

For more information on this transaction, please contact Britta von Oesen.

For the full press release, please click here.

About Pivot Energy
Pivot Energy is a renewable energy provider and independent power producer that develops, finances, builds, owns, and manages solar and energy storage projects. Pivot leverages its renewable expertise to provide a range of unique offerings that accelerate the clean energy transition by helping companies and communities attain impactful decarbonization. Pivot is a U.S.-based 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 factors. Pivot Energy is an ECP portfolio company. Learn more at pivotenergy.net.