RIEDC approves grant for East Providence solar site
The R.I. Economic Development Corp. awarded a $200,000 grant to a 15 megawatt solar-power project at a 220-acre former East Providence landfill off of Forbes St.
The EDC also approved a grant and a loan totaling $125,000 to Safeway Auto Service for a $250,000 fifty kilowatt wind turbine.
EDC board members unanimously approved the grants and 10-year loan from the agency's Renewable Energy Development Fund.
The EDC's $200,310 grant to East Providence for the solar-power project will be combined with a $100,000 allocation of federal stimulus money as well as a $40,000 grant from the Rhode Island Foundation to help finance the $400,620 project.
City officials said the solar installation at the former landfill is planned to take place in stages.
The city has hired Boston-based CME Energy to develop and operate the solar-panel farm, which is planned to provide power to a middle school, and to the city's wastewater treatment plant.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary