Apollo-managed funds have committed up to $400 million for a new joint venture partnership with Summit Ridge Energy to jointly own and operate a portfolio of commercial solar assets across Illinois.
Summit Ridge Energy is one of the largest owner-operators of commercial solar assets in the United States, with more than 2 gigawatts of solar projects operating and in development across Illinois, Maryland, Virginia, New York, Delaware, Pennsylvania and Maine, providing energy savings to more than 40,000 homes and businesses while contributing to American energy independence. In 2022, Apollo Funds previously made a $175 million strategic investment in Summit Ridge.
“As we expand our footprint of solar assets, Summit Ridge Energy is advancing a more reliable and locally driven energy system — bolstering the U.S. electric grid while delivering savings to businesses and households and helping to creat
