Category: In the News

November 29, 2023

RE News: US solar player bags 100MW of PV projects

Summit Ridge Energy has acquired 19 community schemes in Virginia [Image: Asia Chang/Unsplash] Summit Ridge Energy has acquired 19 community solar projects totalling 100MW located across the Commonwealth of Virginia. The portfolio makes Summit Ridge the market leader in its home state of Virginia and represents more than two thirds of the sites to be […]

November 28, 2023

Solar Industry Magazine: Summit Ridge Adds 19 Solar Projects to Portfolio

Summit Ridge Energy has acquired 19 community solar projects, located across Virginia, totaling 100 MW. The portfolio was obtained from seven partners, including Apex Clean Energy, ESA Solar, ForeFront Power, New Leaf Energy, RWE Clean Energy and SolAmerica Energy. The acquisitions were made by Summit Ridge’s joint venture with Osaka Gas USA, a subsidiary of […]

November 21, 2023

Renewables Now: Summit Ridge closes USD-275m financing for new community solar

Dollars in green. Author: 401(K) 2012 US commercial solar company Summit Ridge Energy on Monday announced that it has closed a USD-275-million (EUR 251.0m) financing deal with Japanese bank MUFG (TYO:8306), earmarking the funds for upcoming projects in Virginia and Illinois. Read more: Renewables Now

November 21, 2023

PV Tech: Financing Round-Up: Mainstream funds South African project, Summit Ridge extends partnership and PureSky closes credit facility

Summit Ridge Energy and Japan-headquartered global financial group MUFG have announced a US$275 million expansion of their existing partnership, which has already raised US$100 million for the developer’s solar projects. Read more (and hear from Leslie Elder, Summit Ridge Energy Vice President of Political & Regulatory Affairs): PV Tech 

October 03, 2023

The Daily Record: IGS Energy, Summit Ridge Energy host ribbon cutting for Baltimore Community Solar Project

IGS Energy, the third-largest energy retailer in the U.S. that services Baltimore, and partner Summit Ridge Energy hosted a ribbon-cutting ceremony Aug. 30 in Rosedale to unveil its newest community solar project. Maryland Sen. Benjamin Brooks Sr., D-Baltimore, center, cuts ribbon to officially open the new rooftop community solar project. (Photo courtesy of Summit Ridge […]

September 07, 2023

PV Tech: “A material impact”: could US community solar scale up in the wake of the IRA?

Summit Ridge Energy’s Somerset project has a capacity of 6.7MW. Image: Summit Ridge Energy   As the US looks to decarbonise its energy mix, solar has emerged as one of the most high-potential power sources in the country. A report from the Solar Energy Industries Association (SEIA), the sector’s trade body, and research firm Wood […]