Summit Ridge Energy secures $309 million solar financing

Summit Ridge Energy, a leading US-based commercial solar company, and HASI, a prominent US-based climate solutions investor, have finalized a $309 million back-leveraged term loan for 80 community solar projects. The portfolio, owned by Summit Ridge Capital Holdings—a joint venture between Summit Ridge Energy and HASI—features 216 MW of ground-mount and rooftop projects. Developed over five years, these installations serve around 20,000 customers in Illinois and Maryland. This financing underscores strong market demand for community solar and was arranged by a syndicate including Bank of America, Nomura Securities International, Inc., Prudential Private Capital, and MetLife Investment Management. Bank of America acted as the sole Structuring and Placement Agent and Joint Lead Arranger, with Nomura as a Joint Lead Arranger.