Apollo has partnered with Summit Ridge Energy to invest up to $400 million in a joint venture for commercial solar assets in Illinois.

Target Information

Summit Ridge Energy, LLC is recognized as one of the leading commercial solar providers in the United States. With a robust portfolio exceeding 2 GW of solar projects in operation and development across various states including Illinois, Maryland, Virginia, New York, Delaware, Pennsylvania, and Maine, Summit Ridge has significantly contributed to energy savings for over 40,000 homes and businesses. Their efforts are pivotal in advancing American energy independence and transitioning to renewable energy solutions.

Founded in 2017, Summit Ridge has raised more than $5 billion in project capital to finance over 200 solar farms. The company focuses on blending financial innovation with effective project execution, striving for a more resilient and secure electric grid that meets the increasing demand for clean energy.

Industry Overview in the United States

The commercial solar energy sector in the United States has experienced rapid growth, driven by technological advancements and increasing governmental support for renewable energy initiatives. In particular, states like Illinois are enhancing their