Pivot Energy has secured a $450 million debt warehouse facility, led by First Citizens Bank, which includes new strategic partner ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds.
Pivot also closed on a structured equity investment from HA Sustainable Infrastructure Capital (HASI) in a new project joint venture. Together, these financing structures are slated to support the construction of 300 MW of distributed generation projects that Pivot is developing across the U.S.
The portfolio consists of 96 projects, the majority of which are community solar with the remaining being single off-take PPAs for commercial clients. The projects are expected to be operational within the next two years, and are located across California, Colorado, Delaware, Hawaii, Illinois, Maryland, Minnesota, New York and Virginia.
“Pivot is redefining how to finance portfolios of distributed generation solar projects at scale which reflects our mission to advance the renewable energy transition,” says Bret Labadie, CFO of Pivot. “We are thrilled to expand our longstanding partnership with First Citizens Bank and welcome new relationships with key institutions like ATLAS and HASI, all of which are deeply respected in the clean energy space.”
The debt warehouse facility also included support from existing lenders Bank United, Comerica and Cadence Bank.
CRC-IB acted as exclusive financial advisor to Pivot, and Stoel Rives acted as exclusive legal advisor. Milbank acted as legal advisor to First Citizens Bank, and Sheppard Mullin acted as legal advisor to HASI.
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Pivot Energy Secures $450M in Financing of Distributed Generation Portfolios
And why shouldn’t they?
They feel safe here.
They’re among friends.
Question: What would you guess is the approximate percentage of cars and pick-up trucks that use turn signals small town in an inland town in Santa Barbara County, California? Is there a discrepancy between cars and pick-up trucks?
Answer: Yes, there is a huge discrepancy. Please see: Clean Energy Answers.
Possible reason for the discrepancy:
a) The main purpose of turn signals is to help pedestrians and other drivers to easily and safely navigate around you. I.e., it’s primarily about consideration for the wellbeing of others.
b) Pick-up trucks are seldom driven by professionals in medicine, law, finance, corporate management, and any other position that requires an advanced education.
c) There is a huge inverse correlation between non-college educated people and Trump supporters. I.e., the higher one’s education, the less likely he is to support Trump.
d) Trump himself has essentially zero concern for anyone who cannot make him richer and more powerful. His supporters admire this callous indifference to others.
https://www.2greenenergy.com/2026/10/27/renewable-energy-sustainability-19-2-2-2/
We’ll soon find out how many American voters believe that the Republicans are the party of defending our Constitution.
Buying this requires that we accept Trump’s consolidation of power, the most blatantly corrupt president in U.S. history. It also necessitates the belief that Democrats are essentially communists.
I’m betting that message will fail.
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