By Staff
Three solar energy projects in rural areas of Maine have been awarded $17.6 million in loan guarantees through the U.S. Department of Agriculture’s Rural Energy for America Program.
“This substantial investment in renewable energy systems means clean solar energy will be produced locally, potentially resulting in significant savings for residential, commercial and industrial rate payers in Maine’s rural communities,” USDA Rural Development Acting State Director Tommy R. Higgins said in a news release Monday.
• Pequawket Trail Baldwin Solar LLC, in Baldwin, will receive $10.9 million to refinance a short-term loan used to build a 6.8-megawatt ground-mounted solar project. The project will also be financed by a borrower contribution of $187,483 and a tax equity investment of $6.2 million. The project has interconnection and net energy billing agreements in place with Central Maine Power Co., is expected to produce 8.4 million kWh of electricity in t