Category: In the News
WHSV3: Ribbon-cutting ceremony held for new solar facility in Elkton
ELKTON, VA (WHSV) – A ribbon-cutting ceremony was held in Elkton for a new solar facility Thursday morning. Leslie Elder, vice president of policy and regulatory affairs for Summit Ridge Energy, said this solar farm is a shared solar facility, which is unique in the industry. “It is a project that is built off-site, and […]
PV Tech: Summit Ridge Energy and Apollo invest US$400 million in US commercial solar joint venture
This is Summit Ridge Energy and Apollo’s second collaboration US commercial solar developer Summit Ridge Energy (SRE) and investor Apollo have invested US$400 million into a new joint venture to jointly own and operate a portfolio of commercial solar assets in the state of Illinois. While details on the new initiative are sparse, the project […]
Markets Insider: Apollo funds commit up to $400M for Summit Ridge commercial solar partnership
Apollo and Summit Ridge Energy announced that Apollo-managed funds have committed up to $400M for a new joint venture partnership with Summit Ridge to jointly own and operate a portfolio of commercial solar assets across Illinois. Summit Ridge Energy is one of the largest owner-operators of commercial solar assets in the United States, with over […]
Novogradac Journal of Tax Credits: RETC Transfers Bloom Throughout 2024, Including Community Solar Portfolio in Virginia
An aerial view of the Scenic Farms Solar project, a 4.1-megawatt direct current facility in Elkton, Virginia, was one of several systems transferred recently to an undisclosed buyer by Summit Ridge Energy in a renewable energy tax credit transaction. Transfer of federal renewable energy tax credits (RETCS) exploded in 2024, according to professionals in the […]
TEP: Trajectory Energy Partners and Summit Ridge Energy Expand Partnership to 51.6MWp with Newest Sale
Today, Trajectory Energy Partners announced the sale of an additional 18.6MWp community solar portfolio across central Illinois to Summit Ridge Energy. This sale expands the total transactions between Summit Ridge and Trajectory to 51.6MWp across Illinois since 2022. Combined, these projects will generate enough clean energy to power nearly 2,000 homes annually and bring millions […]
2024 US Insurance Awards: Summit Ridge Energy/Marsh/Everest Insurance, Risk Management Team of the Year
Risk Management Team of the Year: Summit Ridge Energy/Marsh/Everest Insurance Summit Ridge Energy LLC was planning a solar power development that would serve the energy needs of low-income residents in Virginia when a funding kink threatened to stall the project. Such renewable energy work is often partially funded by transferring tax credits to investors who […]