Boston, MA (PRWEB) June 05, 2015
Boston law firm Sherin and Lodgen LLP announces that its Solar Energy Practice Group represented Boston Private Bank & Trust Company in the development of a virtually net metered 3.106MW solar project located in Halifax, MA. Bethany A. Bartlett, chair of the Group and a partner in Sherin and Lodgen’s Real Estate Department, along with associate Beth A. Goldstein, led the legal team involving Boston Private’s construction-to-permanent $6.8 million loan for project development. The electricity generated by the project will be sold to the City of Brockton pursuant to a power purchase agreement with investor and owner, NuGen Capital, affording the city with valuable savings to its electric bill while providing the Town of Halifax with tax benefits.
“Sherin and Lodgen’s deep understanding of the solar space creates a collaborative atmosphere that benefits all parties to a transaction,” said Dan Poydenis, Managing Director and General Counsel of NuGen Capital, the owner of the project. “As lender’s counsel, they consistently negotiate the right structure and deal for their client without compromising the business objectives of the borrower.”