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 2GW of solar projects operating and in development across Illinois, Maryland, Virginia, New York, Delaware, Pennsylvania and Maine, providing energy savings to more than 40,000 homes and businesses while contributing to American energy independence. In 2022, Apollo Funds previously made a $175M strategic investment in Summit Ridge.

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Read more: Markets Insider, by TipRanks.

Related links:

• Apollo Funds Commit up to $400 Million for New Commercial Solar Partnership with Summit Ridge Energy
• Apollo Funds Announce $175 Million Strategic Investment in Summit Ridge Energy, a Leading Owner-Operator of Community Solar