Fulton’ solar project complete

FARMINGTON-Summit Ridge Energy (SRE) announced recently the completion and energization of its ‘Fulton’ solar project, a 2.7-megawatt DC community solar farm comprised of nearly 7,000 solar panels. The project is built across 15 acres in Fulton County, Illinois. This marks a significant milestone for both SRE and the state, as Fulton is the first community solar project to come online in Ameren Illinois’ service territory under the Illinois Power Agency’s Adjustable Block Program and is the largest community solar project built in Illinois to date. Summit Ridge purchased Fulton from Minnesota-based Sunrise Energy Ventures, who developed the project, and hired Borrego Solar to serve as general contractor to oversee the project’s construction.

“SRE is proud to energize our Fulton project, especially given the challenges our team and the industry as a whole have faced over the last few months last few months navigating the impacts of COVID-19,” said SRE CEO Steve Raeder. “Fulton represents the first to come online out of 36 community solar projects we’re building across the state, which in total will provide cost-savings to more than 15,000 Illinois households over the next 25 years.”

“I’m proud to see one of Illinois’ first community solar projects begin generating clean energy here in Farmington,” said Senator Dave Koehler (D-Peoria). “Community solar is a great opportunity for people to save money that can’t directly install their own systems. This solar project will lower the electric bills of roughly 400 Illinois working families while decarbonizing emissions, cutting air pollution and creating new jobs and revenue in central Illinois. We need to make sure Illinois puts policies in place that will keep growing solar jobs and money-saving projects like this one.”

The Fulton project itself will serve approximately 400 households, all of which were subscribed by Arcadia. When fully constructed, SRE’s Illinois community solar fleet will generate approximately 150 gigawatt-hours per year of energy, representing approximately $750,000 per year in utility savings for customers located throughout the state.

Ameren Community Solar Project is Activated in Fulton County

The first Ameren community solar project in Illinois has come online. Overseen by Summit Ridge Energy (SRE), the Fulton County project was completed and energized to produce 2.7-megawatts across 7,000 panels. This is the first community solar project in Illinois to come online in territory serviced by Ameren, a renewable energy provider.

The full scope of the project spans 15 acres across Fulton County, making it the largest community solar project in the state. SRE initially purchased Fulton’s project from Sunrise Energy Ventures of Minnesota. SRE then developed the project further and brought on Borrego Solar to work as the general contractor of the construction.

The Ameren community solar project is expected to service 400 households in Fulton County. Each home was subscribed by Arcadia and will be able to enjoy the benefits of being part of a community solar program. Along with taking part in reducing Illinois’ emissions, homeowners will receive a credit on their utility bill for being part of the project.

According to Senator Dave Koehler, the finished project will play an essential role in reducing air pollution and decarbonizing emissions. It will also be responsible for creating new jobs as people will need to maintain the installation and provide customer service to Arcadia’s subscribers. As with most community solar projects, there is also the opportunity for Illinois to have an additional revenue stream.

SRE still has other solar projects underway, but when they are completed, they’re expected to generate upwards of 150 gigawatts/hour every year. That’s the equivalent of $750,000 per year in savings for customers that subscribe to the community solar program.

Summit Ridge is a leading resource for community solar projects in the United States. Along with its work on physical solar installations, SRE also helped implement virtual power purchase agreements to simplify the process.

Illinois’ First Ameren Community Solar Project Comes Online

Arlington, VA – Summit Ridge Energy (SRE) announced today the completion and energization of its “Fulton” solar project, a 2.7 megawatt DC community solar farm comprised of nearly 7,000 solar panels.  The project is built across 30 acres in Fulton County, Illinois. This marks a significant milestone for both SRE and the state, as Fulton is the first community solar project to come online in Ameren Illinois’ service territory under the Illinois Power Agency’s Adjustable Block Program. Summit Ridge purchased Fulton from Minnesota-based Sunrise Energy Ventures, who developed the project, and hired Borrego Solar to serve as general contractor to oversee the project’s construction.

“SRE is proud to energize our Fulton project, especially given the challenges our team and the industry as a whole have faced over the last few months dealing with the impacts of COVID-19,” said SRE CEO Steve Raeder. “Fulton represents the first to come online out of 36 community solar projects we’re building across the state, which in total will provide cost-savings to more than 15,000 Illinois households over the next 25 years.”

The Fulton project itself will serve approximately 400 households, all of which were subscribed by Arcadia Power. When fully constructed, SRE’s Illinois community solar fleet will generate approximately 150 gigawatt-hours per year of energy, representing approximately $750,000 per year in utility savings for customers located throughout the state.

About Summit Ridge Energy

Summit Ridge Energy is the leading owner-operator of U.S. community solar projects. The team has been a strong force within the U.S. commercial solar market for years and was instrumental in the creation of “virtual” solar power purchase agreements and associated financing structures. Summit Ridge Energy has leveraged this experience to launch Summit Ridge Capital, a dedicated funding platform that acquires pre-operational projects within the rapidly growing community solar energy sector. Follow Summit Ridge Energy on LinkedIn and Twitter for updates, or learn more at srenergy.com.