Summit Ridge Energy, Black Bear Energy planning 2.7-MW community solar project in Maryland
Summit Ridge Energy funds a 2.7 MW community solar project with development aid from Black bear energy. The two solar projects with a total size of 2.7 MW will be owned and operated by SRE and hosted on two industrial assets of real estate investor BentalGreenOak.
“It is inherent in our investment philosophy to explore innovative and meaningful ways to create connection points between our assets and the communities that surround them, to generate economic, environmental and social benefits. Working with Black Bear Energy and Summit Ridge Energy, we show that industrial assets can also achieve these goals by using valuable rooftop square footage to reliably deliver clean energy back to the local grid,” said Mark Reinikka, managing director director of US Asset Management. , BentallGreenOak.
Once operational in early 2022, both roof systems will participate in Maryland’s community program to provide renewable energy to local residents and businesses and are expected to produce 3,498,755 kWh of electricity, enough to power approximately 300 homes for a year.
“Summit Ridge Energy remains the nationwide leader in community solar project funding and is excited to partner with BGO and Black Bear Energy to build another project in Maryland. SRE is looking forward to starting construction of this large-scale rooftop solar panel,” said SRE Vice President of Business Development Nate Greenberg.
Drew Torbin, CEO of Black Bear Energy, added: “It is exciting to partner with clients like BGO who are taking advantage of solar in the community to create value not only for themselves, but also for the wider community. We are proud to support our customers’ efforts in increasing renewable energy generation and delivering low-cost renewable energy to the wider community.”
News item from BentallGreenOak