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Mon, 02/08/2021 - 11:45am
The U.S. Dept. of Agriculture  is investing $17.6 million through loan guarantees for solar renewable energy projects in Maine through its Rural Energy for America Program, and a Waldoboro privately-owned venture will receive $4 .76 million of that total.
For these loans, the federal government is working with the lender Crestmark, A Division of Meta Bank.
The projects are:
Pequawket Trail Baldwin Solar, LLC, located in Baldwin, will receive $10.9 million to refinance a short-term loan used to build a 6.835 MWdc ground-mounted solar project located in Baldwin.
In addition to the REAP loan, the project will be financed by a borrower contribution of $187,483 and a tax equity investment of $6,200,000. ....

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