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Summit Ridge Energy and HASI Close $309 Million Term Loan on Community Solar Portfolio

Aug 06, 2024•almost 2 years ago

Contract Type

partnership

ArlingtonEnergyRenewable Energy

Description

Summit Ridge Energy and HASI have closed a $309 million back-leveraged term loan on a portfolio of 80 operating community solar projects, which includes both ground-mount and rooftop community solar projects totaling 216 MW, providing energy savings to nearly 20,000 residential and small commercial customers throughout Illinois and Maryland.

Company Information

Company

Summit Ridge Energy

Location

Arlington, Virginia, United States

About

Summit Ridge Energy is the nation's leading commercial solar company, combining financial innovation with top-tier execution to deliver resilient, locally generated energy. Since its founding in 2017, the company has raised over $5 billion in project capital to develop more than 200 solar farms, generating over 2 GW of clean power and providing energy savings to over 42,000 homes and businesses—all while advancing American energy independence and grid security.

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