UGE International Ltd. announced that it has closed a project debt and tax equity facility with Twain Financial to finance six community solar projects in Maine. The six projects range in size from 1.0MW DC to 3.0MW DC and participate in Maine's community solar program. The first project is located in the Town of Norway, Maine and reached Notice to Proceed last week. The remaining five projects are each expected to reach NTP throughout the
remainder of 2022. The facility includes both construction-to-term debt and tax equity, allowing UGE to efficiently execute on the deployment of this portfolio and others to come. Twain's $25 million commitment is part of the specialty finance firm's recent commitment to finance $1 billion worth of new renewable projects over the next three years.