$305M credit facility supporting 158 MW community solar portfolio (IL, MD)
Summit Ridge closes $305M credit facility from Bank of America for 158 MW of community solar across Illinois and Maryland. Brings total operating and development portfolio to 2+ GW nationwide.
$305M
Deal Value
158MW
Capacity
Solar
Technology
IL, MD
Location
Deal Details
- Deal Type
- Project M&A
- Seller / Sponsor
- Summit Ridge Energy
- Buyer / Financier
- Bank of America
- Deal Value
- $305M (senior secured credit facility)
- Stage
- Construction
- ISO/RTO
- PJM, MISO
- Source
- PV Tech
Finance Counterparties
Lenders & Capital Providers
- lender
- Bank of America
Related Deals
Orion Solar Belt — 1.3 GW portfolio of 4 utility-scale solar projects (Orion I, Eiffel, Orion II, Orion III), Milam County, TX — 875 MWdc using 1.3M American-made First Solar modules
SB Energy Global (SoftBank / Ares Management) → J.P. Morgan, Bank of America, Morgan Stanley Renewables, Truist Bank, MUFG, Mizuho Americas, ING, SMBC, CIBC, Fifth Third Bank, Société Générale
$2.4B+
North Fork Solar Project — $103M PTC transfer from solar project with 15-year OMPA offtake
Recurrent Energy (Canadian Solar) → Bank of America
$103M
368 MW solar portfolio: 188 MW Honeysuckle Solar (St. Joseph County, IN) + 180 MW Prairie Ronde Solar (St. Landry Parish, LA)
Lightsource bp → Bank of America, ING, Lloyds, NatWest, SocGen
$460M
SunZia Wind (3,515 MW) + SunZia Transmission (550-mile HVDC, 3,000 MW capacity) — largest clean energy infrastructure project in US history
Pattern Energy Group → Multiple (consortium)
$11B
RWE's first US green bonds — two tranches of $1B each (10-year and 30-year maturities) to fund US renewable energy projects across 146 solar, onshore wind, and battery storage sites
RWE AG → Multiple (bond investors)
$2B
Bayou Galion Solar — 127 MWdc solar project, Northeast Louisiana
Recurrent Energy (Canadian Solar) → Microsoft
$160M
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.