Summit Ridge Energy Secures Project Finance Fund for 100MW of Community Solar

By [email protected] Low-carbon investment firm Hannon Armstrong has partnered with developer Summit Ridge Energy to finance community solar projects, the companies announced this week.

The companies structured the deal as a joint venture called Summit Ridge Capital, which will invest cash equity in community projects that Summit Ridge Energy develops or acquires. The move adds to the list of financiers that are becoming interested in community solar, the fastest-growing subset of the commercial solar market.

SRE founder and CEO Steve Raeder declined to name the amount of money in the fund, but told GTM the initial tranche would be enough to finance at least

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