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Press Releases
Summit Ridge Energy Now Has 42 Community Solar Farms in Operation in Illinois
Summit Ridge Energy put new 25 community solar farms online in Illinois in the 4th quarter of 2020, bringing the company’s community solar farm total in Illinois to 42.
Summit Ridge and 1st Source Bank expand partnership in debt and tax equity deal
Summit Ridge Energy (“SRE”) and 1st Source Bank today announced the expansion of their partnership through the bank’s commitment to provide debt and tax equity to fund an additional 8 of SRE’s Illinois community solar projects totaling 23 MWdc.
In the News
PV Magazine: Summit Ridge raises tax equity for 50 MW Maine and Illinois solar portfolio
The $67 million investment utilizes the Inflation Reduction Act’s (IRA) Qualified Advanced Energy Project Credit program. Once guidance for low- and moderate-income community incentives and domestic content requirements program is finalized, the developer expects to expand its partnership with the tax investor to fund additional projects in underserved and traditional energy communities. ComEd and Summit […]
Solar Builder: Babcock & Wilcox awarded $15M in Illinois community solar contracts
Babcock & Wilcox Solar Energy Inc., a subsidiary of Akron, Ohio-based Babcock & Wilcox Enterprises Inc. (B&W), has been awarded $15 million in contracts by Summit Ridge Energy LLC (SRE) to engineer, procure and construct five community solar power installations in Illinois. The projects total approximately 15 MW and are scheduled for completion in 2023. […]