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Foss and Summit Ridge Energy secure $150 million for solar projects in Illinois.

Aug 30, 2026•9 days ago

Contract Type

partnership

San FranciscoEnergyRenewable EnergySolar

Description

Foss and Summit Ridge Energy have finalized a $150 million tax equity financing deal aimed at advancing community solar projects throughout Illinois. This partnership underscores the companies' commitment to enhancing solar energy generation and resilience in the local electric grid.

Company Information

Company

Foss & Company

Location

San Francisco, California, United States

About

"We are thrilled to complete this tax equity financing with Foss & Company," remarked Max Whitacre, EVP of Project Finance for Birch Creek. "Project Beech is the first project we have completed that pairs strategic load with traditional energy consumption. Completing this financing is a milestone for all of us and opens up the door to additional financing opportunities for projects with similar profiles within key markets."About Foss & CompanyFounded in 1983, Foss & Company is a national tax equity investor and fund sponsor that has deployed over $8 billion in tax equity on behalf of insurance, banking, and other large corporate clients into tax credit enhanced transactions including historic rehabilitation projects, renewable energy and advanced energy production facilities. Foss & Company is a full-service advisor with proven expertise navigating the world of tax equity investments. For additional information, visit www.fossandco.com.About Birch Creek EnergyBirch Creek, a utility scale solar development platform formed in 2019, develops, finances and owns utility scale solar and storage projects in the United States. Since 2019, Birch Creek has developed 872 megawatts (MW) of solar projects and has a portfolio of over 8 gigawatts (GW) of utility scale solar and storage projects in various stages of development across MISO, PJM, ERCOT and the Southeast. Birch Creek has 23 employees and is based in St. Louis, Missouri.For more information, please visit www.birchcreekenergy.com.SOURCE Foss & Company

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