Summit Ridge Energy and HASI have closed a $309 million back-leveraged term loan on a portfolio of 80 operating community solar projects.
The 216 MW portfolio, built by Summit Ridge, includes ground-mount and rooftop community solar projects throughout Illinois and Maryland.
“We’re thrilled to partner with Bank of America, Nomura Securities International, Prudential Private Capital and MetLife Investment Management to close this significant investment, which demonstrates the appetite for community solar as an asset class within the capital markets,” says Adam Kuehne, CIO at Summit Ridge Energy.
“We’re also proud of our five-year community solar partnership with HASI and invigorated by the finance community’s confidence in our joint portfolio and approach. Our team is committed to continue investing in and expanding access to clean, renewable energy for communities nationwide.”
Lenders included Bank of America, Nomura Securities International, Prudential Private Capital and MetLife Investment Management. Bank of America acted as the sole structuring and placement agent and joint lead arranger. Nomura acted as the joint lead arranger.
The projects are owned by Summit Ridge Capital Holdings, a joint venture between Summit Ridge Energy and HASI.
The post Summit Ridge, HASI Finance Community Solar Portfolio Across Illinois and Maryland appeared first on Solar Industry.
Summit Ridge, HASI Finance Community Solar Portfolio Across Illinois and Maryland
I’ve enjoyed quite a few works from the poet whose work appears at left, but this one speaks to me most clearly.
Money means everything, and the value we put on the lives of our children pale in comparison.
Schopenhauer’s pessimism is essentially everything he left us, and his quote here is representative of that.
We can’t change our birthplace, but does anyone want to do that anyway? We can change anything else about us that we choose, and we certainly don’t spend the rest of our lives defending anything.
The meme here covers yet another horrible feature of life in today’s America, i.e., all of a sudden we hate our jobs.
I’ll admit that I was lucky enough to find work that was lucrative and rewarding (most of the time), but I don’t recall my employees hating coming into the office every morning. I had clients that were mainly mid-level corporate executives in Fortune 100 firms, and they didn’t strike me as unhappy either.
I’m wondering if this isn’t the product of social media, where most of what gets shared is misery.
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