Pivot Energy, a national clean energy provider and Chaberton Energy, a Maryland-based, national renewable energy project developer, are pleased to announce the construction of four projects in Maryland, two of which are community solar. Construction is set to take place throughout 2023 and 2024. Pivot Energy is acquiring the portfolio of projects from Chaberton Energy, which will bring a combined 7.3 megawatts (MW) of renewable energy capacity to the state, providing an estimated $4 million in consumer energy savings and direct community benefits over the lifetime of the projects. Pivot and Chaberton will celebrate the groundbreaking for the construction of the Catherine Community Solar projects in May of 2023.
The partnership marks a notable expansion of community solar and aggregate net metering options in the state, making a dent in Maryland’s goal of reaching 50% renewable energy production by 2050.
“These projects represent a huge step toward making renewable energy more accessible in Maryland and across the country,” said Matt Preskenis, SVP of Strategic Partnerships at Pivot. “We are proud to partner with Chaberton Energy to bring cost savings to the local community while advancing Maryland's energy goals.”
True to both Pivot’s and Chaberton Energy’s values and business strategies, all four projects will benefit their respective local communities. The community solar projects in this portfolio will bring energy savings to thousands of subscribers.
"We are very excited to bring these projects to fruition in our home state of Maryland,” said Stefano Ratti, CEO of Chaberton Energy. “A tremendous amount of work from many people on our team went into these projects, and we are happy to know that our projects will be in good hands with Pivot Energy, who has the necessary financing and operational capabilities to complement our development expertise.”
Pivot is set to begin construction on the Greyrock project in Wicomico county in April of 2023 and the Catherine projects in Howard county in May of 2023. Catherine Community Solar will be located on property owned by Saint Mary’s Coptic Orthodox Church, while Catherine Aggregate Net Energy Metering (ANEM) will provide power to Loyola University in Baltimore County.
Subsequent projects are scheduled to break ground in late 2023 and early 2024. Additional information about all projects in this portfolio will be announced in future releases and at events, including the Groundbreaking Ceremony at Project Catherine in May 2023.
About Pivot Energy
Pivot Energy is a national clean energy provider that develops, finances, builds, owns, and manages solar and energy storage projects. Pivot offers a distributed energy platform that includes a range of services and software that serve the full solar ecosystem. Pivot is a Certified B-Corporation that proudly follows a corporate strategy that provides a positive impact on society as measured by Environmental stewardship, Social leadership, and responsible Governance (ESG) factors. Learn more at pivotenergy.net
About Chaberton Energy
Chaberton Energy develops renewable energy and sustainable infrastructure projects. Chaberton Energy primarily develops distributed solar generation assets in the mid-Atlantic and in the Western U.S., from origination to ready-to-operate. Chaberton Energy is funded by Greenbacker Development Fund, is based in Maryland and has over 400 MW of active projects in development. For more information, please visit www.chaberton.com.
