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
- Source
- Summit Ridge Energy
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