In a high-voltage move into clean energy, private equity titan Apollo Global Management announced Friday a new commitment of up to $400 million to expand its joint venture with solar heavyweight Summit Ridge Energy LLC—a deal that will supercharge the commercial solar landscape across Illinois and potentially reshape America’s power grid.
Renewing a Powerful Alliance
The collaboration, guided by legal powerhouse Orrick Herrington & Sutcliffe LLP, marks the latest chapter in a deepening partnership between the two companies. Apollo previously invested $175 million in Summit Ridge in 2022, a move that now seems more like a prologue to a much bigger story.
In a joint statement, the companies revealed they will co-own and operate a sweeping portfolio of commercial solar assets—an ambitious expansion set to meet rising electricity demands from businesses and homes alike.
Harnessing the Sun, Scaling the Grid
Apollo partner Corinne Still emphasized the strategic weight of the venture.
“We believe this is a compelling opportunity to invest in solar projects poised to boost domestic power generation,” she said. “Apollo is committed to enabling the new industrial renaissance—fueling a more secure, self-reliant energy future.”
The joint venture isn’t just about panels and profits—it’s a bold statement of intent to accelerate the U.S. toward energy independence at a time when energy volatility has governments and businesses alike scrambling for stable solutions.
