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Solar energy projects in 3 rural Maine towns get $17M in financing

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

Melinda Fricke joins Pacific Western Bank as SVP, Business Development Officer for Asset-Based Lending in North Texas

Share this article Share this article BEVERLY HILLS, Calif., Jan. 14, 2021 /PRNewswire/ Pacific Western Bank is pleased to announce that Melinda Fricke has joined the Bank as a Senior Vice President, Business Development Officer on its asset-based lending team. She will be located at the Bank s Plano, Texas office. Melinda will expand the Bank s efforts to deliver asset-based lending solutions to middle-market businesses in North Texas, Oklahoma, Arkansas and Louisiana. Melinda is an exceptionally experienced asset-based lending professional who is well-respected in our industry,  said Matt Lernor, Managing Director, Pacific Western Business Finance, She is a welcome addition to our existing team and will help us accelerate our plans to grow our client base in a meaningful way over the course of the next year and beyond, concluded Lernor.

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