CVE North America and Live Oak Bank close permanent debt financing of two more community solar farms in Massachusetts
NEW YORK, Aug. 3, 2022 /PRNewswire/ --CVE North America ("CVE") and Live Oak Bank ("Live Oak") have successfully closed a permanent debt financing of approximately $6.6MM for two Acushnet, MA projects totaling 4.2 megawatts (MW).
- NEW YORK, Aug. 3, 2022 /PRNewswire/ --CVE North America ("CVE") and Live Oak Bank ("Live Oak") have successfully closed a permanent debt financing of approximately $6.6MM for two Acushnet, MA projects totaling 4.2 megawatts (MW).
- Over the last two years, CVE has partnered with Live Oak for permanent debt financing on its Massachusetts portfolio, now comprised of nine operating assets with over 37 MW of capacity.
- Through community solar, customers can enjoy equal access to the benefits of solar generation by subscribing to small local solar farms and supporting local solar development.
- Live Oak Bank, a subsidiary ofLive Oak Bancshares, Inc.(Nasdaq: LOB), is a digitally focused,FDIC-insured bank serving customers across the country.