Summit Ridge gets $15 million financing via Fundamental Renewables

By Marisa Wong

Los Angeles, June 8 – Summit Ridge Energy closed two loans with Fundamental Renewables, formerly MMA Energy Capital, for a combined total of about $15 million in project financing, according to a press release.

The proceeds will fund construction of two lithium-ion battery energy storage systems in Staten Island, New York.

To date, Fundamental Renewables has provided over $765 million in financing to Summit Ridge, according to the release.

Summit Ridge is a New York-based owner-operator of community solar assets.

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