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Sherin and Lodgen Represents Cambridge Savings Bank in the Financing of Up to 18 Solar Sites in Massachusetts, New Hampshire, and Rhode Island

10 Feb 2021

Boston law firm Sherin and Lodgen LLP announces that its Renewable Energy Practice Group represented lender Cambridge Savings Bank in a $100 million master loan facility to Kearsarge Energy and affiliates for construction and permanent financing of up to 18 solar photovoltaic sites in Massachusetts, New Hampshire, and Rhode Island. The transaction included four participating lenders. Tax equity investors will commit additional capital. The projects will generate up to 55.6 MW (DC) of power and include Massachusetts SMART projects as well as net-metered projects with public offtakers, including schools and universities, municipalities, and housing authorities.

The Sherin and Lodgen team was led by Beth A. Goldstein, Chair of the Renewable Energy Group, and partner Jack G. Anetakis

Goldstein is also partner in the firm’s Real Estate Department with experience representing buyers, sellers, developers and lenders in the sale, acquisition, financing, development, and leasing of commercial real estate throughout the country. A partner in the Real Estate and Corporate departments, as well as the Renewable Energy Practice Group, Anetakis represents financial institutions and other lenders in commercial and industrial, asset-based, commercial real estate, affordable housing, and renewable energy loan and credit transactions.

The national Renewable Energy Practice Group at Sherin and Lodgen 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.

Cambridge Savings Bank | https://http://www.cambridgesavings.com

Kearsarge Energy | http://www.kearsargeenergy.com

Sherin and Lodgen | https://http://www.sherin.com