Category: In the News
PitchBook: Apollo makes $175M investment in Summit Ridge
Apollo Global Management has agreed to make a $175 million investment in Summit Ridge Energy, an owner-operator of community solar assets. By the end of 2023, Summit Ridge expects to provide energy to 175,000 residential and commercial customers. Read more: PitchBook
Reuters: Apollo invests $175 million in Summit Ridge Energy
July 13 (Reuters) – Private equity firm Apollo Global Management Inc (APO.N) said on Wednesday it has agreed to invest $175 million in Summit Ridge Energy, in a deal that will give the U.S. solar farm operator more resources to expand its geographic footprint. The deal comes as Apollo seeks more opportunities in sustainable investing. […]
Wall Street Journal: Apollo Invests $175 Million in Community-Solar Developer Summit Ridge Energy
Summit Ridge Energy LLC develops community-solar installations like this one in Windsor Mills, Md. PHOTO: SUMMIT RIDGE ENERGY LLC Apollo Global Management Inc. is investing $175 million in Summit Ridge Energy LLC, marking the asset manager’s first foray into the community-solar sector. Read more: Wall Street Journal Pro
Summit Ridge Energy completes 2.5-MW community solar project in Maryland
Summit Ridge Energy (SRE) and Cedar Ridge Community Church held a ribbon-cutting ceremony on April 30 to celebrate the completion of a 2.5 MWdc community solar project in Montgomery County, Maryland.
Amid Soaring Demand for Warehouses, an Effort to Make Them Greener
Some owners are taking steps to make their buildings more energy efficient, including upgrading building materials and turning the rooftops into solar farms.
Maryland is now home to the largest rooftop community solar project in the U.S.
A 9.2-megawatt solar array on the roof of a commercial warehouse in Maryland is now the largest rooftop community solar project in the U.S.