Summit Ridge Energy, US developer of community solar, has closed a $305 million senior secured credit facility with Bank of America to finance 158 MW of community solar projects in Illinois and Maryland. The package included a $281 million term loan and a $24 million letter of credit facility, raised alongside HASI. Bank of America was the structuring, syndication, and administrative agent, while ING Capital and KeyBanc Capital Markets also acted as arrangers. The projects are expected to deliver energy savings to 5,000 households and businesses. They are also projected to generate significant tax revenues and create 3,000 jobs in construction, engineering, and operations. With this financing, Summit Ridge Energy has expanded its portfolio to over 2 GW of projects in operation or under development across the United States.