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USDA Rural Development is investing $22,300,000 through loan guarantees for solar renewable energy projects in Belfast and China through its Rural Energy for America Program (REAP).Two solar businesses will receive a total of $22,300,000 in funding through Rural Energy for America Program Loan Guarantees, in partnership with the lender, Crestmark, A Division of Meta Bank: Perkins Road Belfast Solar LLC, located in Belfast, will receive a total of $11,100,000 to refinance a short-term loan used to build a 7.0 MWdc ground-mounted solar project located in Belfast. In addition to this Guaranteed Loan, the project will be financed by a borrower contribution of $120,065 and a tax equity investment of $6,400,000. ....
To our readers, USDA to invest $11 million in Belfast solar project Feb 23, 2021 Bangor USDA Rural Development is investing $22,300,000 through loan guarantees for solar renewable energy projects located in two Maine communities through its Rural Energy for America Program. Two solar businesses will receive a total of $22,300,000 in funding through Rural Energy for America Program Loan Guarantees, in partnership with the lender, Crestmark, A Division of Meta Bank: Perkins Road Belfast Solar LLC, in Belfast, will receive a total of $11,100,000 to refinance a short-term loan used to build a 7.0 MWdc ground-mounted solar project located in rural Belfast, Maine. In addition to this Guaranteed Loan, the project will be financed by a borrower contribution of $120,065 and a tax equity investment of $6,400,000. The project has interconnection and net energy billing agreements in place with Central Maine Power Company, is expected to produce 8,829,000 kWh of electrici ....