Arlington, VA, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Summit Ridge Energy, a leading developer, owner, and operator of commercial solar projects, today announced the closing of a $290 million facility with MUFG (Mitsubishi UFJ Financial Group). The facility will finance the development and construction of solar projects, furthering Summit Ridge's commitment to meeting the increasing demand for energy. This latest financing agreement marks another major step in Summit Ridge's growth and highlights MUFG's ongoing support for U.S. energy infrastructure.

Totaling close to $1 billion, this is the 5th facility partnership, enabling Summit Ridge to develop numerous solar projects and offer energy savings to local communities and businesses. "We are pleased to continue our partnership with MUFG, who we consider as one of the premier financial institutions operating in the renewable energy sector," said Phil Schapiro, Vice President of Project Finance for Summit Ridge Energy. "This financing enables us to further expand our operations and execute on our growing energy pipeline, delivering locally generated power that strengthens the grid while providing meaningful cost savings to thousands of customers. We know we can count on MUFG's ability to scale with us to meet the significant and increasing energy demand." 

"MUFG is proud to strengthen our partnership with Summit Ridge Energy," said Phillip Fletcher, Project Finance Director at ...