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
With Super Typhoon Bavi now packing maximum sustained winds of 160 mph and forecast to strengthen further as it moves toward the Marianas, emergency officials are urging businesses and residents to treat this weekend as their critical window to prepare for potentially damaging winds.
Guam and the Northern Mariana Islands are now in Condition of Readiness 3 as Typhoon Bavi approaches, with both governors urging residents and businesses to use the remaining hours of fair weather to prepare.
Task Force Talon relinquished command to the 3rd Battalion, 43rd Air Defense Artillery Regiment (3-43 ADA), ushering in a new battalion to take over Guam’s air missile defense systems.
Emergency management agencies across the region are urging residents and businesses to execute disaster preparedness plans as Tropical Storm 09W is forecast to rapidly intensify and potentially strike Guam and the Northern Mariana Islands as a Category four super typhoon.
