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FinancingClosedAugust 15, 2024

Summit Ridge community solar portfolio — 216 MW across 80 community solar projects in Illinois and Maryland

$309M back-leveraged term loan with HASI as co-investor. Bank of America, Nomura, Prudential Private Capital, and MetLife Investment Management as lenders. Among the largest community solar portfolio financings of 2024.

$309M

Deal Value

216MW

Capacity

Solar

Technology

IL, MD

Location

Deal Details

Deal Type
Project Finance
Seller / Sponsor
Summit Ridge Energy
Buyer / Financier
HASI (co-investor); Bank of America, Nomura, Prudential Private Capital, MetLife Investment Management (debt)
Deal Value
$309M (back-leveraged term loan)
Stage
Operating + Construction
ISO/RTO
PJM, MISO

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