Sherin and Lodgen represents Cambridge Trust Company in credit facility to Great River Hydro, LLC
Sherin and Lodgen represented lender Cambridge Trust Company in financing a line of credit to support the general working capital needs of Great River Hydro, LLC (GRH), New England’s largest producer of conventional hydropower. GRH’s unique fleet pairs large quantities of reservoir storage with 13 sequentially located and highly coordinated hydropower stations on the Connecticut and Deerfield Rivers in Vermont, New Hampshire, and Massachusetts.
The Sherin and Lodgen team included Beth A Goldstein, chair of the firm’s Renewable Energy Practice Group, and Jack G. Anetakis, partner in the firm’s Renewable Energy Practice Group and chair of its Commercial Finance Practice Group.
Sherin and Lodgen’s national Renewable Energy Practice Group represents lenders, developers, municipalities, and companies committed to sustainability through solar, wind, hydro, and energy storage initiatives. Clients rely on our experience in financing, development, acquisition, leasing, environmental, and permitting to navigate this ever-changing market and accomplish their business goals.
Cambridge Trust is a private bank that creates custom financial solutions to build, grow, and protect wealth for the needs of today’s individuals, families, businesses, private partnerships and nonprofit organizations. Each of their clients has a dedicated private banker who understands their needs and priorities and provides direct access to personal banking, residential lending, commercial banking, and wealth management expertise.
Every year, Great River Hydro’s facilities on the Connecticut and Deerfield Rivers in New Hampshire, Vermont, and Massachusetts produce enough renewable, carbon-free electricity to power 213,000 homes throughout the region. Embracing the power of flowing water to generate carbon-conscious renewable energy, their 13 generating stations and three storage-only reservoirs have been providing critical energy services to New England for over 100 years.