Buenavista, Micronesia Renewable close $4.3 million loan agreement

By Sarah Lizee

Olympia, Wash., Oct. 29 – Buenavista Renewables and Micronesia Renewable Energy closed a $4.3 million loan with Bank of Guam for the construction of the Latte Stone Solar 2 (LSS2) portfolio of distributed generation PV solar facilities on Guam, according to a press release.

LSS2 is the second phase of the multi-phase Latte Stone portfolio that the company is developing in Guam and the Northern Mariana Islands.

The first phase, Latte Stone Solar 1, reached commercial operation in the fourth quarter of 2018. Like LSS1, the off-takers for LSS2 are all commercial and industrial clients.

Buenavista Renewables is a Hagatna, Guam-based renewable energy project developer focused on emerging markets and select island economies. Micronesia Renewable Energy is a solar energy developer based in Tamuning, Guam.

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