DENVER, Feb. 24, 2020 /PRNewswire/ -- Pivot Energy, Colorado's largest community solar developer, today announced the completed transaction of a three-megawatt (MW) commercial and utility solar portfolio with Onyx Renewable Partners L.P. Completion of the portfolio represents the ongoing partnership and commitment between the two companies to provide nonprofits, school districts, government municipalities, and local utilities with clean and affordable solar energy. As part of the portfolio agreement, Pivot and Onyx will co-develop each project while Onyx will own and operate them.
The portfolio announced today includes four projects in total, two in Illinois and two in Colorado. The projects located in Illinois total 779 kilowatts of solar energy awarded through the Adjustable Block Program that will serve a local municipality and a school district. The remaining two projects, located in Colorado, total 2.4 MWs of solar energy that will serve a university and a local utility partner.
"Onyx has been an important strategic partner for us as we continue to expand our product offerings across the country," said Garrett Peterson, vice president of project development for Pivot. "The geographic range and diversity of customers within this portfolio demonstrates the increasing demand for solar by all types of commercial and public entities. We look forward to continuing our valuable partnership with Onyx and delivering even more clean energy to commercial customers across the country in 2020."
"We are delighted to be co-developing with Pivot on this portfolio that will help put resources back into communities and towards our clients' academic missions. It has been a pleasure working with Pivot and we look forward to expanding the relationship with them this year," said John Cannon of Onyx Renewable Partners.
About Pivot Energy
Pivot Energy is a Denver-based solar energy company that is focused on helping accelerate the rapid transition taking place in the energy industry to a more decentralized and cleaner approach to power generation. Pivot offers a distributed energy platform that includes a range of services and software aimed at serving the full commercial solar ecosystem, including retail customers, project developers, system operators, utilities, and financiers. The company develops, finances, builds, and manages community and commercial solar projects around the country. Pivot operates on a triple bottom line basis, measuring success by the positive impact to people, planet, and profit. Learn more at pivotenergy.net.
SOURCE Pivot Energy