...Portfolio of 10 solar facilities in Massachusetts financed by Cambridge Savings Bank | Solar Builder
 

Portfolio of 10 solar facilities in Massachusetts financed by Cambridge Savings Bank

The Solar Energy Practice Group of Boston law firm Sherin and Lodgen LLP represented Cambridge Savings Bank in the development of a portfolio of 10 solar facilities by Kearsarge Energy in Massachusetts. The financing involved a master debt facility of up to $50.5 million for the construction and permanent financing of the projects, which will produce approximately 18.2 MW (DC) of energy.

massachusetts energy storage

The majority of the electricity generated will be sold to various Massachusetts municipalities and will afford the cities with valuable savings to their electric bill and rental income for those sites also ground leased by the town for the development, in addition to local property tax revenues. Bethany A. Bartlett, chair of the Group and a partner in Sherin and Lodgen’s Real Estate Department, led the legal team along with associates Matthew S. Cote, Jennifer L. Ioli, and Samantha A. O’Malley.

RELATED: New term financing for small commercial solar projects now offered by Wunder Capital 

Bartlett focuses her practice on solar energy, representing lenders and developers. She has a specialty concentration in representing lenders in complex financing transactions, including Solar and Investment Tax Credit deals, as well as permanent financing for solar facilities.

Kearsarge Energy focuses on public private partnerships to ensure that the benefits of each of its projects are shared with local stakeholders, including municipalities, school districts, municipal light departments, and affordable housing developments. The projects in this portfolio include an EPA Superfund site, a municipal landfill, a parking lot canopy, current and former industrial sites, and undevelopable open land.

Have you checked out our YouTube page?

We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.

Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.

We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.

Tags:

Comments are closed here.