R.I. Commerce Corp. approves $300,000 loan to rTerra

RHODE ISLAND businesses and agencies look to state and federal renewable-energy programs to help build solar-energy projects throughout the state. / BLOOMBERG FILE PHOTO/KEN JAMES
RHODE ISLAND businesses and agencies look to state and federal renewable-energy programs to help build solar-energy projects throughout the state. / BLOOMBERG FILE PHOTO/KEN JAMES
PROVIDENCE – The R.I. Commerce Corporation on Thursday approved a $300,000 Renewable Energy Fund loan to Middletown solar energy startup rTerra PV Solutions LLC. The Commerce Corporation’s board of directors had previously granted provisional approval of the loan on the condition that rTerra provide additional financial information and satisfy concerns of some lending subcommittee members…

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