Trio, a global sustainability and energy advisory company, today announced that the Transform: Auto program, launched with the Suppliers Partnership for the Environment (SP) in late 2024, has executed its first community solar agreement between Magna and project developer Summit Ridge Energy, the nation’s leading commercial solar company. 

Magna’s contract with Summit Ridge Energy will support the construction of four new distributed solar projects near Magna’s Nascote manufacturing facility in Nashville, Illinois, totaling 25.9 MW of local solar capacity. By utilizing solar energy from these new projects, Magna will benefit from significant long-term energy cost savings, as well as the reduction of their Scope 2 emissions. 

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Read more: Trio Advisory