Two businesses receive funds for renewable energy investment
The U.S. Department of Agriculture’s Rural Energy for America Program awarded a total of roughly $1.7 million to two local companies for investment into energy efficiency.
Monster Auto Corp., which does business as AutoSpot Guam, and TeleGuam Holdings, LLC, which does business as GTA were approved for funding from the REAP grant which resulted in awards of $1 million and $795,000 respectively.
Rows of photovoltaic panels at the Mangilao Solar Power Plant. Monster Auto Corp. and TeleGuam Holdings both intend to invest their funds into solar energy. Photo by Skyler Obispo.
According to a statement made by Guam’s Congressional delegate, James Moylan, both companies intend to use the funds by purchasing and installing solar energy systems.
Alongside the awarding of the funds, both companies require a borrower contribution. mbj
Regional leaders, government officials, and industry executives gathered at the Guam International Airport Authority on Wednesday, July 22 for the inaugural session of the Guam-CNMI Visa Waiver Working Group, driving a unified regional effort to expand the Guam-CNMI Visa Waiver Program to include the Philippines.
The commercial adult-use cannabis industry on Guam has officially launched following the issuance of the island's first recreational cannabis cultivation license to local grower Stephen Roberto, operator for Deep Green Guam of Guam Real Deal, LLC.
The Guam Economic Development Authority awarded $316,857.94 in grant funding to 17 local community organizations and public agencies during a check presentation ceremony at Adelup on Wednesday, July 15.
