Apollo Funds Commit up to $400 Million to Launch Commercial Solar Partnership with Summit Ridge Energy
3 minute read | May.12.2025
Apollo-managed funds (Apollo Funds) have committed up to $400 million to form a joint venture partnership with Summit Ridge Energy to jointly own and operate a portfolio of commercial solar assets across Illinois.
Orrick represented Apollo Funds.
THE COMPANY
Apollo is a high-growth, global alternative asset manager with approximately $785 billion in assets under management focused on delivering excess returns to its clients across a diverse range of investments, from investment-grade credit to private equity.
THE IMPACT
Apollo's strategic partnership with Summit Ridge Energy will enable the expansion of its solar project investments, affirming its commitment to being a leading capital provider dedicated to achieving a secure and self-reliant energy future.
“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,” said Apollo Partner Corinne Still.
THE TEAM
Orrick’s Jeff Quinn-Cane led the team that advised Apollo Funds. The team also included Henry McKenzie.