{"id":18259,"date":"2011-09-15T03:02:29","date_gmt":"2011-09-15T03:02:29","guid":{"rendered":"http:\/\/newspaper.ctsi-logistics.com\/?p=18259"},"modified":"2011-09-15T03:02:29","modified_gmt":"2011-09-15T03:02:29","slug":"businessman-plans-to-construct-solar-farm","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/businessman-plans-to-construct-solar-farm\/","title":{"rendered":"Businessman plans to construct solar farm"},"content":{"rendered":"<div>By Clarissa V. David<br \/>\nReporter<\/div>\n<p>A businessman is applying for a loan guarantee with the Commonwealth Development Authority to support his alternative energy project.<\/p>\n<p>Erik Van Der Maas, who owns the Marianas Business Plaza in Susupe, attended the CDA board meeting yesterday to present his solar farm project.<\/p>\n<p>Van Der Maas revealed his plans to construct a solar farm on the parking lot of the Marianas Business Plaza.<\/p>\n<p>He said the project involves the construction of steel structure to house 2,100 solar panels that would produce about 90,000 kilowatts.<\/p>\n<p>According to Van Der Maas, the technology is being utilized in various countries, including New Zealand, Italy, and even Palau.<\/p>\n<p>\u201cCUC is all in support of it because it&#8217;s alternative power,\u201d Van Der Maas told the CDA board of directors.<\/p>\n<p>According to Van Der Maas, the project will cost roughly $1.5 million and will bring about an income of $40,000.<\/p>\n<p>\u201cI&#8217;m applying for a loan with a major bank,\u201d said Van Der Maas. \u201cCDA, through its new program with MPLT and the governor&#8217;s office, will help with the loan guarantee to that bank.<\/p>\n<p>Oscar Camacho, CDA loan manager, said Van Der Maas wants to avail of loan guarantee through the State Small Business Credit Initiative.<\/p>\n<p>Created under the Small Business Jobs Act of 2010, SSBCI was funded with $1.5 billion to strengthen state programs that support lending to small businesses and small manufacturers in states and territories across the nation.<\/p>\n<p>SSBCI will allow states to build on successful models for state small business programs, including collateral support programs, Capital Access Programs, and loan guarantee programs.<\/p>\n<p>\u201cErik has been very diligent in following up on progress with the SSBCI application,\u201d added Camacho.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Clarissa V. David Reporter A businessman is applying for a loan guarantee with the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18259","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/18259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=18259"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/18259\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=18259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=18259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=18259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}