Sherin and Lodgen Facilitates Financing of Solar Sites in Massachusetts and Rhode Island

Sherin and Lodgen's Renewable Energy Practice Group represented lender Cambridge Savings Bank in a $32 million loan facility to affiliates of Kearsarge Energy for construction and permanent financing of six solar photovoltaic and energy storage systems on various properties in Massachusetts and Rhode Island. 
Sherin and Lodgen Facilitates Financing of Solar Sites in Massachusetts and Rhode Island

The projects will generate approximately 22 million kilowatt hours of power in addition to 6 MWs of battery storage. The projects include ground-mounted, rooftop, and parking canopy solar facilities.

The Sherin and Lodgen team was led by Beth A. Goldstein, chair of the firm’s Renewable Energy Group, and associate Tanya M. Larrabee.

Sherin and Lodgen’s nationally recognized Renewable Energy Practice Group represents lenders, developers, municipalities, and companies committed to sustainability through solar, wind, hydro, and energy storage initiatives.

Clients rely on their experience in financing, development, acquisition, leasing, environmental, and permitting to navigate this ever-changing market and accomplish their business goals. The group has particular experience assisting lenders in navigating the Solar Massachusetts Renewable Target (SMART) program.

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