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
In a release congratulating Markwayne Mullin on his confirmation as secretary of the Department of Homeland Security, which includes the Transport Security Administration, TSA shared information on its current situation.
The Port Authority of Guam cut the ribbon on the upgraded Equipment, Maintenance, and Repair Building, signaling the completion of the $3.84 million project.
