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JUL 16, 2013 - Washington Business Journal

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$42M in Eastern Bank loans to build solar farms in Massachusetts

Five solar energy farms will be built in Massachusetts and New Jersey with $42 million in financing from Eastern Bank. Four of the developments are planned for Massachusetts and are expected to generate 17 megawatts of electricity, enough to power 2,500 homes each year. Three firms received financing: Mark Investment Inc., of Newton; Kearsarge Energy LP, of Watertown; and NuGen Capital Management LLC, which is based in Rhode Island. Mark Investment plans to develop two solar farms, one in Andover…

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