Summit Ridge Energy St. Anne, IL Project
Arlington, VA, Aug. 06, 2024 (GLOBE NEWSWIRE) — Summit Ridge Energy, the nation’s leading commercial solar company, and HASI, a leading investor in climate solutions, closed a $309 million back-leveraged term loan on a portfolio of 80 operating community solar projects. The loan, which demonstrates the depth of project finance demand for community solar, was made by a syndicate of lenders, 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; Nomura acted as the Joint Lead Arranger. The projects are owned by Summit Ridge Capital Holdings, a joint venture between Summit Ridge Energy and HASI.
Built by Summit Ridge over the last five years, the portfolio…
