Client Success

Sherin and Lodgen represents Agilitas Energy, LLC in construction and term loan for Massachusetts solar project

June 3, 2020

Sherin and Lodgen’s Renewable Energy Group represented Agilitas Energy, and its affiliate, in a construction and term loan for a utility scale solar facility coupled with battery energy storage in Auburn, Massachusetts, from lender, 1st Source Bank. The project includes eligible Investment Tax Credits and will combine solar and battery storage and receive incentive payments through the Massachusetts SMART program.

The Sherin and Lodgen team was led by Beth A. Goldstein, chair of the Renewable Energy Group, and included Tyler N. Ballew. Sherin and Lodgen represented Agilitas in the initial purchase of the project from a previous solar developer.

Agilitas Energy is a leading commercial developer and operator of distributed solar and utility scale battery storage resources in the Northeast. The Company’s team of professionals takes projects from inception through construction to operations. The projects are built to the high institutional standards to meet the demands of the major stakeholders; namely utilities, off-takers, municipalities, regulators and investors.

1st Source Bank has offered clients a convenient and friendly way to bank for over 155 years. 1st Source Bank remains the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. It operates banking centers across the region, boasts 1st Source Bank Specialty Finance Group locations nationwide, as well as several Wealth Advisory Services locations and 1st Source Insurance offices. 1st Source is committed to their mission of helping its clients achieve security, build wealth and realize their dreams.