HA Sustainable Infrastructure Capital, Inc. (HASI) has closed a structured equity investment in a new project joint venture with Pivot Energy to support the construction of 300 Megawatts DC (MWdc) of distributed generation projects. This portfolio consists of 96 projects, primarily community solar, located across nine U.S. states.
The innovative financing structure of this joint venture opens the opportunity to sell tax credits directly to large corporations, moving away from reliance on complex tax equity structures. These projects are expected to be operational within the next two years, contributing to the acceleration of clean energy deployment.
This partnership enhances Pivot Energy's ability to develop, construct, own, and operate distributed generation solar projects, aligning with HASI's strategy to increase equitable access to clean energy and cost savings for local communities. The investment underscores HASI's role in providing capital solutions for impactful renewable energy initiatives.
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