A company that operates in Maine is receiving nearly $8 million in federal loans to help develop three solar power projects in rural parts of the state.
ASP2 Rural LLC is slated to receive the money through the USDA’s Electric Infrastructure Loan and Loan Guarantee Program. Maine’s two U.S. senators said the money will help make forthcoming solar projects in Caribou, Skowhegan and Fairfield possible.
The Caribou and Fairfield projects are nearly 1,000-kilowatt projects and the Skowhegan project is nearly 4,000 kilowatts, said the senators, Republican Sen. Susan Collins and Democratic Sen. Angus King.
The senators said in a joint statement that the loan constitutes a “significant investment” from the USDA. The loan will “assist with the development of solar energy facilities in Caribou, Skowhegan, and Fairfield, which will provide clean, affordable energy in the communities,” they said.