By Chris Reidy
The Boston Globe, July 16, 2013 – Eastern Bank, a Boston-based bank with $8.6 billion in assets and more than 90 branches, said Tuesday that it has provided $42 million in financing for the creation of four solar farms in Massachusetts and one in New Jersey.

Collectively, the five farms are projected to generate 17 megawatts of capacity, or enough “green, renewable energy” to provide the annual electricity needs of about to 2,500 homes.

The financing was provided to three firms — Mark Investments Inc. of Newton, which is working on solar farm projects in Andover and Fall River; Kearsarge Energy LP of Watertown, which is working on a project in Hubbardston; and NuGen Capital Management LLC of Rhode Island, which is working on one project in Massachusetts and another in New Jersey.

full article…

Leave a Reply