Summit Ridge Energy

Summit Ridge Energy develops, owns and operates commercial solar and battery storage projects, contracting with property owners for rooftops, parking lots and surplus land. It works as an independent power producer and keeps long-term ownership and oversight of the projects it builds.

For property owners the arrangements are a power purchase agreement with no upfront cost, a solar canopy built over a parking lot, community solar subscriptions that deliver guaranteed bill credits without on-site installation, and battery storage that shifts load away from peak hours. For developers the company acquires projects and provides permanent project financing, structuring the whole capital stack with an in-house investment team.

Since launching in 2017 the company says it has secured over $7 billion in project capital, financed 250+ facilities and holds 2 GW of solar in operation or development, with 60,000 homes and businesses to be powered and 15,000 acres of surplus land and commercial rooftops converted. It prioritises U.S.-based manufacturers and supply chains, and its office is at 1000 Wilson Blvd in Arlington, Virginia.

The company's own news page carries an announcement that Global Infrastructure Partners has agreed to acquire Summit Ridge Energy, so ownership may change. Host lease and revenue-share terms are negotiated site by site and are not published.