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Foss & Company closes a $150 million tax equity investment with Summit Ridge Energy and Apollo, supporting community solar projects in Illinois.

PRIVATEAug 19, 2026•about 6 hours ago

Amount Raised

$150 Million

Round Type

Venture - Series Unknown

San FranciscoEnergyRenewable EnergySolar

Investors

Apollo Global ManagementSummit Ridge Energy

Description

Foss & Company has announced the closing of a ~$150 million tax equity investment in Section 48E Clean Electricity Investment Tax Credits. This financing supports a portfolio of distributed energy projects in Illinois. The partnership with Summit Ridge Energy marks their eighth tax equity transaction together. This closing represents one of the industry's first transactions under the new Section 48E framework.

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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