Apollo funds are investing up to $400m (€352.4m) in US commercial solar assets through a partnership with Summit Ridge Energy.
Apollo and Summit Ridge Energy have teamed up to jointly own and operate a portfolio of commercial solar assets across Illinois.
Corinne Still, partner at Apollo, said: “We are pleased to expand our relationship with Summit Ridge Energy and enter this new partnership, which we believe represents a compelling opportunity to invest in solar projects poised to contribute domestic power generation capacity to meet growing electricity demands for households and businesses alike.
“Apollo is committed to serving as a leading capital provider enabling the new industrial renaissance and is excited to continue our support of Summit Ridge’s mission to deliver a more secure, self-reliant energy future for communities across the country.”
Adam Kuehne, CIO of Summit Ridge Energy, said: “As we expand our footprint of solar assets, Summit Ridge Energy is advancing a more reliable and locally driven energy system—bolstering the US electric grid while delivering savings to businesses and households and helping to create thousands of American jobs.
“We’re proud to partner with the Apollo team as we continue driving the nation toward greater energy independence.”
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