ARLINGTON, Va., September 1, 2022 — Summit Ridge Energy (SRE), the nation’s leading owner-operator of community solar assets announced today an expansion of its joint-venture with Osaka Gas USA Corporation (OGUSA), a subsidiary of Osaka Gas Co. Ltd, to develop more than 50 megawatts (MW) of community solar power projects located throughout Ameren’s service territory in the state of Illinois.
The projects will provide clean energy savings to residential and commercial customers through the state’s community solar program, “Illinois Shines”, and increases SRE’s fleet of community solar assets either operational or under development to 250MW across the state.
“We’re thrilled to expand our relationship with OGUSA,” said Summit Ridge Energy CEO Steve Raeder. “Our continued partnership will allow more households and businesses to benefit from clean energy savings, create additional jobs across the state and generate meaningful tax revenue to numerous local economies.”
This partnership marks the second collaboration between SRE and OGUSA after an initial solar development partnership in Maine in 2021.
“OGUSA is pleased to continue our transformational partnership with SRE into the state of Illinois. We’re eager to pursue new markets through our longstanding relationship, and further decarbonize the US power grid together,” said Sunao Okamoto, President & CEO of OGUSA.”
About Summit Ridge Energy
Launched in 2017, Summit Ridge Energy is the nation’s leading owner-operator of community solar assets. Through dedicated funding platforms, the team acquires pre-operational projects within the rapidly growing solar energy and battery storage sectors. With over 100 operating solar projects across markets, the team has established itself as a reliable industry partner. By 2023, SRE will have more than 300MW PV and more than 40MWh of battery storage online serving over 200,000 residential and commercial customers. Learn more at www.srenergy.com.
Summit Ridge Energy