Medline has successfully completed a rooftop solar installation atop its Uxbridge, Mass. distribution facility with its long-term solar developer PowerFlex. This 6.7 MW DC system is the fifth rooftop system Medline has completed at a facility in the U.S. The system will produce an estimated 8 million kWh of electricity.

The 820,000 square-foot Uxbridge facility distributes medical products and devices across the continuum of care – including hospitals, nursing homes, surgery centers, hospice providers and physician offices. The company has invested more than $34 million in renewable energy since 2016, with solar projects in several states, including California and Florida, and its headquarters in Northfield, Ill.

“We established our renewable energy portfolio in 2009, when our first geothermal facility was built, and it’s been growing ever since,” says Francesca Olivier, vice president of environmental, social and governance at Medline. “We’re committed to helping healthcare run more sustainably – extending beyond our responsibility to provide sustainable products and services to our customers and looking to our own operations to determine how we can best preserve Earth’s natural resources.

“As a designated green community within the Commonwealth of Massachusetts, the Town of Uxbridge is pleased to see that one of our business partners, Medline, is also contributing to this effort by undertaking the roof top solar project,” adds Town Manager Steven Sette. “It is our hope that other businesses in town will follow Medline’s leadership with this project and will also work to reduce our carbon footprint for the future.”

“We’re proud to be Medline’s trusted solar provider and deliver multiple rooftop projects across the country,” comments Raphael Declercq, CEO of PowerFlex. “Medline’s continuing commitment to sustainability is evident as they expand their solar portfolio and take steps to mitigate their carbon footprint. We encourage other corporations to continue building healthier and more eco-friendly communities.”

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The European Commission building in Brussels, Belgium.

The CEOs of Fluence, Gore Street, Gresham House and six others have penned an open letter calling on policy makers in Europe to set adequate targets and policy frameworks for the deployment of energy storage.

The co-signatories said they welcomed the REPowerEU plan’s ambitious renewable targets and recognition of energy storage’s role in delivering sustainable and reliable energy supply.

“At the same time, we believe that if the accelerated near-term deployment of renewable energy sources is to be successful, Europe needs a rapid rollout of proven and scalable technologies to increase grid flexibility and enable the safe and efficient integration of renewable generation,” they said.

The letter was signed by the CEOs of nine organisations from across the sector in Europe. They are global system integrator Fluence, investors Gore Street Capital and Gresham House, storage project developer MW Storage and clean energy and transport solutions developer Zenobē Energy.

Alongside them are energy storage trade bodies AEPIBAL (Spain), BVES (Germany), Energy Storage Ireland, and German research institutes Fraunhofer Institute for Solar Energy Systems and the Karlsruhe Institute of Technology.

“Despite having access to this ready-to-deploy and cost-effective technology, we continue torely on high-emission natural gas-based generation, while the Europe-wide targets that would strategically scale up energy storage projects are yet to be developed and embedded in law,” the letter said.

They said that grid connections for batteries, a massive impediment to deployments today, should be prioritised ahead of other technologies. The introduction of flexible grid connection agreements should be introduced in congested areas too. This week Energy-Storage.news reported on an example of this in the Netherlands.

The letter also said that other technologies like demand side response, optimising pumped hydro and other storage technologies, and taking advantage of interconnections between countries are all critical to the continent’s energy transition.

The European Association for the Storage of Energy (EASE) recently said the continent needs 600GW of energy storage by 2050 to reach its renewable energy goals.

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Dynapower power electronics paired with zinc-bromine flow batteries at a bioenergy plant in California. Image: Redflow.

The sale of Dynapower by private equity firm Pfingsten to industrial sensor manufacturer Sensata Technologies has been completed.

The US power electronics company manufactures power conversion systems (PCS) and other equipment widely used in battery energy storage systems, including the DC-to-DC converters that drive Powin Energy’s grid-scale DC-coupled solutions for solar-plus-storage projects. Dynapower began selling DC converters in 2017, far earlier than most of its competitors.

Other products made by the company since its founding in the 1960s include power transformers, AC-DC inverters, hydrogen electrolysers and fuel cells, specialist equipment for industries, defence and more.

However, in commenting on the sale yesterday Pfingsten senior managing director Jim Norton said the energy storage market had always been the sector the equity company saw most potential in for Dynapower.  

As well as supplying components to system integrators and manufacturers of battery energy storage systems (BESS), Dynapower also has its own range of energy storage systems for both utility-scale and behind-the-meter customers.

Pfingsten Partners bought South Burlington, Vermont-headquartered Dynapower at the end of 2012. It agreed a deal to sell the company to Sensata in April. As reported by Energy-Storage.news at the time, the deal valued the power engineering group at US$580 million.

Sensata said then that it expected strong sales for Dynapower equipment to represent more than US$1 billion in revenues from activities related to electrification by 2026.

“Our strategy from the outset was to leverage Dynapower’s technology to build a global leader in the nascent energy storage market,” Pfingsten’s Jim Norton said.

“Since our initial investment, we supported the business with significant investments in engineering, product development, people and systems to successfully position Dynapower as a mission critical supplier to the renewable energy generation, hydrogen and EV charging station markets.”

Pfingsten said the transaction closed on 12 July.

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Joel Binstock

Energy Toolbase has launched its newest financing integration partner, Sustainable Capital Finance (SCF), on the ETB Developer platform. This partnership enables ETB Developer users to instantly generate power purchase agreements (PPA) financing quotes for commercial and industrial (C&I) and non-profit solar + storage projects without leaving the platform through SCF’s PPA solution.

Energy Toolbase’s modeling platform supports project developers, energy organizations and Fortune 500 companies in accurately and transparently modeling the avoided cost of solar + storage projects. Additionally, the software allows users to configure any type of project financing solution, such as a cash purchase, PPA, lease or loan.

With ETB’s Developer’s newest financing integration feature, users can seamlessly generate complete financing quotes that are integrated with avoided cost and project cash flows. This allows project developers to streamline their workflow of generating an indicative quote by eliminating the need to go between multiple applications and ultimately, expedite the process of modeling, optimizing their financing solution, and deploying projects.

SCF is a third-party financier that works directly with solar integrators and energy consumers to provide PPA solutions for commercial, nonprofit and municipal projects. SCF makes PPA financing more accessible to C&I and nonprofit sectors by providing solutions for projects 100 kW and up. In addition to project financing, acquisition and ownership, SCF develops projects in over 18 states and works with over 200 EPC and developer partners.

“We’re particularly excited to be launching our financing integration with an industry leader like Sustainable Capital,” states Matt Cimo, manager of platform sales at Energy Toolbase. “To provide a financing option within the platform that serves a sector that has previously had very few financing options will be a game-changer for our userbase.”

“Sustainable Capital Finance has witnessed the Energy Toolbase platform evolve into one of the premier software solutions in the renewable energy space,” says Joel Binstock, SCF’s manager of origination and partnerships. “We are very excited about the opportunity to integrate our two platforms and provide a more streamlined approach to project financing for our customers. Our collaboration will further standardize the approach to solar and storage third-party financing.”

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Squadron Energy executives and staff join members of the Barada Kabalbara Yetimarala community – traditional custodians of the land – in a groundbreaking ceremony. Image: Squadron Energy.

Construction has begun on a large-scale hybrid renewable energy project combining wind, solar PV and energy storage in Australia, while another has been announced in Wales.

Squadron Energy, a renewable energy firm owned by Australian billionaire Dr Andrew ‘Twiggy’ Forrest’s Tattarang group, said earlier this month that construction has begun on the first phase at Clarke Creek Wind, Solar and Battery Farm in Queensland.

An initial 100 turbines capable of generating 450MW of wind power is being installed at the site between the cities of Mackay and Rockhampton near Queensland’s coast in the northeast of Australia.

While that capacity will begin generating by 2025 and selling electricity to state government-owned power company Stanwell for 15 years through a 346.5MW power purchase agreement (PPA), plans are to add 400MW of solar PV, bring the wind power capacity up to 800MW in total and add battery energy storage system (BESS) technology.

Stage 1 of the project alone is expected to bring A$100 million (US$67.57 million) investment to the local economy, creating about 350 construction-stage jobs. Development approvals were granted for the solar and wind power in 2018.

Energy-Storage.news has sent an enquiry to Squadron asking for the planned sizing and capacity of the battery storage system at the hybrid plant but had not received a reply at time of publication.

Australia is currently planning its phase out of coal which provides the majority of baseload energy to the grid and modelling by the Australian Energy Market Operator (AEMO) has shown that renewable energy paired with battery storage, along with some gas generation, will be the most important tools available to manage that decline, maintain reliability while suppressing cost increases and attain the country net zero emissions status by 2050.

Twiggy Forrest has been an enthusiastic advocate and investor in renewable energy technologies, not only to power the many mining and extraction operations of his main business holding, Fortescue Metals, but also to provide and sell power on the market.

This has included establishment of Fortescue subsidiaries focused on green and distributed energy technologies like green hydrogen and microgrid development. For example, Fortescue Future Industries is currently planning Uaroo Renewable Energy Hub, a project in Western Australia’s Pilbarra region which could be up to 5.4GW of wind and solar with 9.1GWh of batteries, designed to power Fortescue’s mining operations.

Squadron Energy is owned by the Forrest family’s private investment group Tattarang. Squadron is involved in the Sun Cable project which aims to transmit solar PV-generated electricity from Australia to Singapore.

“We will deliver affordable energy for Australian families and industry without destroying the environment like carbon emitting fuels do,” Forrest said in his capacity as Tattarang chairman.

“When fully operational, Clarke Creek will displace enormous amounts of carbon each year by harnessing the renewable energy of the wind and sun to power our homes and commercial premises, providing cheaper energy without the hidden costs associated with coal-fired power stations.”

Squadron Energy believes large hubs which deliver firmed power through leveraging energy storage are crucial to enabling the uptake of renewable energy capacity needed to decarbonise Australia, the company’s chairman John Hartmann said.

Meanwhile electrification of sectors like transport and industry increase demand for electricity at the same time and Hartmann pointed out that Queensland has a good combination of sunshine during the day and wind at night.

Birth of the true hybrids

Elsewhere, as reported by our colleagues at sister site Solar Power Portal at the beginning of this week, EDF is planning Hirfynydd Renewable Energy Park, a hybrid wind-solar-battery project of its own in Wales, UK.

Subsidiary EDF Renewables wants to develop the 100MW site in the southwestern Welsh county borough of Neath Port Talbot. The company did not offer a breakdown of what each different technology would contribute to the figure but did say the initial phase will involve construction of seven wind turbines.

The development arm of the French energy giant said a breadth of technologies would increase the site’s generation potential while the battery storage element would allow it to store surplus energy and provide grid balancing services.

“Hirfynydd would make a positive contribution to our efforts to tackle climate change and at a time of global uncertainty over energy supply and costs, renewable energy projects are vital to dealing with these challenges,” said Simon Morgan, principal project development manager at EDF Renewables UK.

EDF Renewables is currently carrying out early ecological and other feasibility studies at the site, with events planned in September to share more details of the development with the local communities in nearby Crynant and Seven Sisters.

In the next couple of months, the company will submit its scoping report to Planning and Environmental Decisions Wales as well as an application to erect a meteorological mast to Neath Port Talbot County Council.

The company hopes to submit a planning application for Hirfynydd Renewable Energy Park by the end of 2023. This will be assessed Planning and Environmental Decisions Wales and a final decision on its approval taken by the Welsh Government.

According to EDF’s website, it hopes to have the whole site commissioned in the 2027-2028 timeframe.

While these projects will be generating wind and solar PV energy and storing and dispatching it with battery storage at large-scale within the next few years, a very small number of such projects already exist already.

Utility Vattenfall opened the hybrid Energypark Haringvliet in the Netherlands, Europe, earlier this year. It combines 38MW of solar PV with 22MW of wind turbines and a 12MWh BESS, in a project which cost about €61 million (US$61 million).

At a similar scale to Forrest’s Clarke Creek project is another hybrid in Australia. Work begin in January this year on Goyder Renewables Zone, in South Australia. Developer Neoen has been granted permission to build a total 1,200MW of wind power generation, 600MW of solar PV and 900MW of BESS at the site.  

In Chile, last year Engie won government contracts to build two hybrid wind-solar-storage projects with a combined generation capacity of 1.5GW.

EDF-Hirfynydd Renewable Energy Park story, with reporting by Molly Lempriere, first appeared on Solar Power Portal.

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A container ship at PAsir Panjang Terminal, Singapore. Image: wikimedia user Wzhkevin.

A large-scale battery system has been installed in Singapore as part of a project to increase energy efficiency at and reduce emissions from the country’s seaports.

The 2MW/2MWh battery energy storage system (BESS) has been deployed at Pasir Panjang Terminal, which is one of four major facilities operated by PSA Singapore. The BESS is scheduled to go into full operation in the third quarter of this year.

Loading up some of the world’s biggest container ships to take goods around the world, managing energy use at ports better is a key priority for the Southeast Asian nation’s government.

The country’s Energy Market Authority (EMA) partnered with PSA Singapore to explore different technologies and solutions to tackle the issue.

Launched in 2019 by the Ministry of Trade and Industry and Ministry of Foreign Affairs senior parliamentary secretary Dr Tan Wu Meng, the pair put out R&D grant calls to evaluate bids that could integrate technologies like renewable energy with energy storage and smart controls for the terminal.

At the same time, the EMA also formed a partnership with fossil fuel company Shell Singapore to nurture local energy startups working in areas including distributed power systems, energy storage and internet of things (IOT).  

A consortium led by Singapore-headquartered sustainable infrastructure solutions company Envision Digital was awarded the Pasir Panjang Terminal contract through the S$8 million (US$5.73 million) project. Envision Digital has developed a Smart Grid Management System (SGMS) which includes solar PV along with the BESS, controlled by the company’s own controls platform, EnOS.

EMA said yesterday that the SGMS will be used to manage the flow of electricity at the site, which has greatly fluctuating energy demand based on the use of heavy logistics equipment like cranes. The EnOS software platform will forecast energy demand at the terminal in real-time, using machine learning AI algorithms.

According to the Authority, this will enable both short-term and long-term planning of energy use at the port, simultaneously reducing carbon footprint and energy costs.

Learnings from the project will likely also inform plans for the construction of Singapore’s new Tuas Port, which is targeted for completion in the 2040s and will be the biggest fully automated terminal in the world.

“Electricity demand will grow in the next decade with increasing electrification,” EMA industry development director Jeanette Lim said.

“The adoption of innovative demand-side technologies such as smart energy management systems and energy storage systems will help us optimise our energy supply and power grid capabilities.”

The BESS will help buffer the site’s energy systems from spikes in demand, in much the same way that stationary batteries at electric vehicle (EV) charge stations increase the availability of power for multiple users charging their cars quickly while protecting the grid from impacts of demand spikes.

It will also be a multi-application BESS, participating in the National Electricity Market of Singapore at times when it isn’t managing local demand for Pasir Panjang Terminal. Through providing ancillary services, it will generate revenues and support the local grid further.

The project could also serve as validation for commercial and industrial (C&I) battery storage and its capabilities to help businesses reduce their use of electricity at peak times – thus saving electricity costs – and also deliver ancillary services to the market.

Energy storage is key to Singapore’s sustainable economic growth agenda

EMA has targeted the installation of at least 200MW of energy storage systems (ESS) by 2025, to which the project will count as contribution. Singapore’s first large-scale BESS, a 2.4MW/2.4MWh system was supplied and installed by Wärtsilä in October 2020 and participates in the wholesale market as well as reducing peak demand at a substation.

The Authority has in place a programme called Accelerating Energy Storage for Singapore (ACCESS) through which along with initiatives like the smart ports projects it launched an expression of interest (EOI) to build, own and operate 200MW/200MWh of BESS in the country in May.

A contract was awarded through the EOI to Singapore engineering services group Sembcorp for that project. As reported by Energy-Storage.news in June, Sembcorp is deploying the systems on Jurong Island, which is home to much of Singapore’s industrial activity and is being reinvented as an energy and chemicals industry hub for the future.

Through the national Singapore Green Plan 2030, launched in early 2021, the country sees solar energy as key to its sustainable development and for meeting commitments under the Paris Agreement on climate and UN Sustainable Development Agenda. The government and EMA have identified energy storage as a key enabler to this push.   

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Solar photovoltaic (PV) module brand company Astronergy has delivered over 180 MW DC ASTRO series PV panels for Canada’s Claresholm Solar farm, which started daily operations of electricity power generation. Claresholm Solar is a joint venture between Capstone Infrastructure, a renewable energy investment company based in Canada, and Obton, a Danish investment company involved in the development of solar and wind power projects.

With total investment of C$200 million ($162.76 million), this Alberta farm occupies 1,280 acres of agriculture lands and planned an installation of 132 MW AC. There are 455,758 Astronergy PV panels shipped from China to Canada since 2020 to be installed in a fixed-tilt racking structure.

“I’d like to highlight Astronergy as the supplier and manufacturer of Claresholm Solar’s bi-facial panels, which are the most advanced technology available in the market,” says David Eva, CEO of Capstone Infrastructure. “And I’d like to emphasize the significant increase in generation capacity and efficiency of the panels supplied by Astronergy for the project. Our experience working with Astronergy on Claresholm Solar gave us a high level of confidence in terms of quality and ability to deliver, which is why the company has been selected for two more solar projects currently in development – Kneehill and Michichi.”

The Astronergy panels supplied for this Claresholm Solar project are the ASTRO Series reinforced bifacial module with double glass (front side 2.5 mm tempered and rear side 2.5 mm semi-tempered). Enhanced with encapsulation structure and strengthened frame, this type is specially designed for severe hail (45 mm, 30.7 m/s), unfriendly environment with high reliability requirements. The module has passed severe Damp & Heat 2000 hours and Thermal Cycle 600 and PID 300 tests, which were verified and approved by CSA certificate-C450 and PVEL certificate-PQP.

“We are pleased to join this project to build the largest solar PV farm so far in Canada states Samuel Zhang, vice president of Astronergy’s global sales and marketing. “We set up a special sales team to follow up the entire process including communications, production, quality control, shipment, installation and etc. We had very good cooperation experience with Capstone Infrastructure.”

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Francesco La Camera

Renewable Power Generation Costs in 2021, published by the International Renewable Energy Agency (IRENA), shows costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs. The cost of electricity from onshore wind fell by 15%, offshore wind by 13% and solar PV by 13% compared to 2020.

The report also shows that almost two-thirds or 163 GW of newly installed renewable power in 2021 had lower costs than the world’s cheapest coal-fired option in the G20. IRENA estimates that, given the current high fossil fuel prices, the renewable power added in 2021 saves around $55 billion from global energy generation costs in 2022.

IRENA’s new report confirms the critical role that cost-competitive renewables play in addressing today’s energy and climate emergencies by accelerating the transition in line with the 1.5°C warming limit and the Paris Agreement goals. Solar and wind energy, with their relatively short project lead times, represent vital planks in countries’ efforts to swiftly reduce, and eventually phase out, fossil fuels and limit the macroeconomic damages they cause in pursuit of net zero.

“Renewables are by far the cheapest form of power today,” states Francesco La Camera, director-general of IRENA. “2022 is a stark example of just how economically viable new renewable power generation has become. Renewable power frees economies from volatile fossil fuel prices and imports, curbs energy costs and enhances market resilience – even more so if today’s energy crunch continues.”

“While a temporary crisis response might be necessary in the current situation, excuses to soften climate goals will not hold mid-to-long-term,” La Camera adds. “Today’s situation is a devastating reminder that renewables and energy saving are the future. With the COP27 in Egypt and COP28 in the UAE ahead, renewables provide governments with affordable energy to align with net zero and turn their climate promises into concrete action with real benefits for people on the ground.”

Investments in renewables continue to pay huge dividends in 2022, as highlighted by IRENA’s costs data. In non-OECD countries, the 109 GW of renewable energy additions in 2021 that cost less than the cheapest new fossil fuel-fired option will reduce costs by at least USD 5.7 billion annually for the next 25-30 years.

High coal and fossil gas prices in 2021 and 2022 will also profoundly deteriorate the competitiveness of fossil fuels and make solar and wind even more attractive. With an unprecedented surge in European fossil gas prices for example, new fossil gas generation in Europe will increasingly become uneconomic over its lifetime, increasing the risk of stranded assets.

The European example shows that fuel and CO2 costs for existing gas plants might average four to six times more in 2022 than the lifetime cost of new solar PV and onshore wind commissioned in 2021. Between January and May 2022, the generation of solar and wind power may have saved Europe fossil fuel imports in the magnitude of no less than USD 50 billion, predominantly fossil gas.

As to supply chains, IRENA’s data suggests that not all materials cost increases have been passed through into equipment prices and project costs yet. If material costs remain elevated, the price pressures in 2022 will be more pronounced. Increases might however be dwarfed by the overall gains of cost-competitive renewables in comparison to higher fossil fuel prices.

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The 2.5GW Ravenswood fossil fuel plant.

Energy asset developer Rise Light & Power will redevelop its 2,480MW Ravenswood Generating Station – New York City’s biggest power plant – as a new renewable energy hub including on-site energy storage.

The 27-acre site in Queens will be turned into a hub integrating various clean energy sources, although the press release is not clear on when the fossil fuel units will be retired nor exactly what renewable capacity will be built on-site.

It does make clear that large-scale battery energy storage will be deployed directly on the facility site, which currently powers 20% of New York City’s needs.

The redevelopment will repurpose existing infrastructure to connect thousands of megawatts of offshore wind and onshore wind, solar, and other clean energy resources from Upstate New York to the City’s grid, a press release said. Ravenswood’s river water intake system will also be repurposed to provide zero-emission thermal energy to nearby communities.

The redevelopment is being carried out under a project Rise Light & Power, owned by energy-focused investor LS Power, is calling ‘Renewable Ravenswood’. It will advance the city’s efforts efforts to accelerate the retirement of the state’s fossil fuel facilities by 2030, the press release said, potentially giving some idea of the timeframe. The project still needs to be approved by regulators.

Praising Rise Light & Power for its decision, U.S. Congresswoman Carolyn B. Maloney said: “The residents of my district have suffered through decades of pollution. A Ravenswood running on offshore wind power will solve this issue. I look forward to seeing a Renewable Ravenswood being a monument to Long Island City’s future as a clean energy provider.”

The area around the plant is notorious for its poor air quality with certain districts bearing the grim nickname ‘asthma alley’.

Fossil fuel plants to renewable hubs: a growing trend

Large, legacy power plants provide great locations for storage-enabled renewable hubs thanks to their existing grid connection infrastructure, a lack thereof being one of the largest impediments to getting greenfield projects off the ground.

New York in particular is the subject of much discussion around this, with a large quantity of peaker plants and many in close proximity to urban residents as highlighted before by commentators on the Ravenswood redevelopment. A study last year found that renewable energy, energy efficiency and energy storage can be used to effectively retire New York City’s 6GW of peaker plants by 2030.

A few weeks ago, Energy-Storage.news reported on private equity investment firm ArcLight announcing that its portfolio of legacy power plants are now viewed as excellent locations for battery projects.

It has a total portfolio of nearly 5GW of plants across California, Connecticut and New York State and has already made public plans to install 350MWh of batteries across two plants run by owned affiliate Generation Bridge and 485MWh across three run by another, Eastern Generation.

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Steve Raeder

Funds managed by Apollo affiliates (Apollo Funds) have agreed to make a $175 million strategic investment in Summit Ridge Energy LLC, an owner-operator of community solar assets.

Since launching in 2017, Summit Ridge has formed two joint ventures totaling over $1 billion in permanent project capital and has grown its portfolio of solar projects in operation or under construction to more than 300 MW. By the end of 2023, Summit Ridge expects to have more than 500 MW of solar and 100 MWh of battery storage projects online providing energy savings to approximately 175,000 residential and commercial customers.

“Summit Ridge is an ideal partner for Apollo in the community solar segment as a first mover with a flexible, fully integrated business model and a proven management team,” says Wilson Handler, an Apollo partner. “With this investment, we see tremendous opportunity to access a high-growth segment of the renewables market while also producing positive environmental and social outcomes for local stakeholders. We look forward to working with Steve and the rest of the Summit Ridge team to execute on its current pipeline while exploring additional opportunities to create value.”

“Summit Ridge is on a strong trajectory, and we are excited to welcome Apollo as a new partner,” states Summit Ridge Energy CEO Steve Raeder. “Apollo’s long track record of sustainable investing, coupled with its operational expertise and significant resources, are an excellent match for Summit Ridge’s fast-paced growth and leading position in the clean energy economy.”

As a result of the investment by the Apollo Funds, Apollo Partners Corinne Still and Wilson Handler will join Summit Ridge Energy’s board of directors. Summit Ridge Energy’s CEO, Steve Raeder, will continue to serve as the board’s chairman.

“We are pleased to work with Summit Ridge to expand access for underserved communities to participate in the clean energy transition,” adds Corinne Still, an Apollo partner. “Community solar offers compelling benefits for individuals, households and businesses alike. In supporting Summit Ridge’s continued growth, we expect to have a significant positive impact on communities by facilitating increased uptake of renewable energy sources, creating local jobs and developing sustainable infrastructure.”

Vinson & Elkins served as legal counsel to the Apollo Funds in the transaction. Citibank N.A. served as lead financial advisor and Saul Ewing served as legal counsel to Summit Ridge.

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