Pivot Energy, a solar provider that develops, finances, builds, owns, and manages solar and energy storage projects, closed a $190 million financing facility to support a 90 MW multi-state portfolio of distributed solar generation projects. Silicon Valley Bank (SVB) led the debt facilities, including a construction loan, tax equity bridge loan, and permanent loan, coupled with the tax equity investment from Foss. The portfolio comprises over 40 solar projects — approximately 80% community solar and 20% commercial and industrial (C&I) power purchase agreements (PPAs).