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.”
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