Category: In the News
PV Tech: “It’s always good to diversify your partners”: how new legislation and fresh investors have impacted the US solar sector
Summit Ridge Energy has raised US$1 billion in capital in 2023. Meeting the world’s changing energy needs will require a number of prerequisites, including technological innovation, political will and, perhaps most crucially of all, financial investment. The International Energy Agency (IEA) reports that, in 2023, developers will invest US$380 billion into the global solar sector, […]
Novogradac: Sponsors, Developers Seek Clarity in Guidance, Say Panelists at Novogradac Conference
A common thread weaved together the multiple topics of The View from Sponsors, Developers panel last month at the Novogradac 2023 Fall Renewable Energy and Environmental Tax Credits Conference in Washington, D.C.: more clarity is needed on several issues. Excerpt: Jake Compton, director, project finance for Summit Ridge Energy, told attendees that rising interest rates […]
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 […]
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 […]
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
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