The Bomber, a 9.2-MW rooftop community solar garden in Carroll County, Maryland, and the Blue Goose, a 2.7-MW ground-mounted community solar project in Whiteside County, Illinois, are among the solar assets jointly owned by HASI and Summit Ridge Energy. (Source: Summit Ridge Energy)
Solar and energy storage developer Summit Ridge Energy and investor HASI plan to build a 250-megawatt (MW) community solar portfolio in Illinois and Maryland, doubling the size of their existing joint venture partnership, the companies said Aug. 29
During the next two years, Summit Ridge—with financing from HASI—plans to grow its pipeline of ground-mounted and rooftop community solar projects in the states. The projects could avoid more than 51,000 metric tons of CO2 emissions annually, which Summit said is equivalent to eliminating the carbon emissions generated from 118,000 bbl of crude oil.
Since Summit partnered with HASI in 2019, the two have developed a 255-MW portfolio.
“This latest transaction underscores our commitment to delivering scalable and repeatable transactions to our clients as they seize the tremendous opportunity of the energy transition,” said Susan Nickey, chief client officer for HASI. “Our programmatic, client-centric approach delivers long-term value to our partners, and we look forward to supporting the rapid growth of Summit Ridge Energy’s solar pipeline.”
Recommended Reading
Vistra to Offer Senior Notes for Equity Interest Repayment
2024-11-19 - Vistra Corp. said the proceeds from the offer will be used toward an early payout for the installment purchase of Avenue Capital Management II’s interest in Vistra Vision.
US Energy Secretary Nominee Chris Wright Champions Energy at DUG GAS
2024-11-19 - President-elect Donald Trump's energy secretary nominee Chris Wright championed energy's role in bettering human lives earlier this year on stage at Hart Energy’s DUG GAS Conference and Expo.
Carbon Removal Company Equatic Appoints New CEO
2024-11-18 - Equatic appointed a new CEO in preparation to launch the world’s largest ocean-based carbon removal plant.
Dividends Declared Week of Nov. 11
2024-11-15 - Here is a compilation of dividends declared from select E&Ps in fourth-quarter 2024 during the week of Nov. 11.
Empire Raises $10M in Equity Offering to Ease Doubts, Reports $3.6M Loss
2024-11-14 - Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.