Ryan's blog

South Kingstown Business Finances Renewable Energy Project through Infrastructure Bank and C-PACE

PROVIDENCE, RI – Jeffrey R. Diehl, Executive Director and Chief Executive Officer of Rhode Island Infrastructure Bank (Infrastructure Bank), today announced that its third Commercial Property Assessed Clean Energy (C-PACE) project has been financed. The project calls for the installation of ground-mounted solar panels at Laurel Lane Country Club (Club) in South Kingstown, saving the Club an estimated quarter million dollars (net of debt service) in reduced energy costs over the 25-year financing term. The total investment in the project is greater than $500,000.