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Biomass Energy System Transaction

Perkins Law, PA was pleased to represent Player Design, Inc. (“PDI”), of Presque Isle, Maine, in a creative project involving the financing and construction of a biomass energy system in Sanford, Maine. With the transaction, PDI contracted to build the biomass system for T&D Wood Energy, LLC.  T&D Wood Energy, LLC acquired the land for the project from PRL Sanford, LLC (an affiliate of Pleasant River Lumber) for $1 and in return PRL Sanford, LLC obtained a facility at its sawmill for converting the sawmill’s wood byproduct to wood pellets. The financing was provided by the Sanford Institute for Savings and the SBA with a 504 program loan.