Pivot Energy announced it has been chosen by Xcel Energy to develop a 41 MW community solar portfolio in Colorado, exclusively serving income-qualified households beneath an established income threshold.
Xcel Energy has established ambitious goals to expand renewable energy access to historically marginalized groups, and this award is the most recent example of the company’s efforts to develop income-qualified renewable energy projects, according to a release.
Pivot Energy will offer community solar subscriptions to income-qualified households, serving groups that have historically been left out of the clean energy transition and that face many of the most adverse climate impacts.
“We are pleased to be working with Pivot Energy on this community solar portfolio,” said Emmett Romine, vice president of customer solutions and Innovation for Xcel Energy. “Subscribing to these community solar gardens will bring energy-bill savings to our income-qualified customers and help them be part of the clean-energy transformation.”
Development of an income-qualified portfolio of this size is possible in Colorado because of the state’s renewable energy regulatory landscape, which is designed to address energy equity issues while fulfilling the public demand for a transition to clean, emissions-free energy production, Pivot Energy said.
Pivot partners with community organizations in allocating subscriptions to those most in need and manages them through the SunCentral platform, their cloud-based software.
Pivot Energy develops, finances, builds, owns and manages solar and energy storage projects.
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