USDA Rural Development is investing $22.3 million through loan guarantees for solar renewable energy projects located in Belfast and China through its Rural Energy for America Program.

Locally, Perkins Road Belfast Solar LLC will receive a total of $11.1 million to refinance a short-term loan used to build a 7.0 MWdc ground-mounted solar project located in rural Belfast. The project will also be financed by a borrower contribution of $120,065 and a tax equity investment of $6.4 million. The project has interconnection and net energy billing agreements in place with Central Maine Power Company, is expected to produce 8,829,000 kWh of electricity in the first full year of operation and will create three jobs at an average of $30 per hour.

For more information about applying for USDA Rural Development’s Rural Energy for America Program, phone Jay Fortier at 289-2814, email jay.fortier@usda.gov or visit rd.usda.gov/programs-services.

USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas, supporting infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural areas. For more information, visit rd.usda.gov/me.