The Sebago Farms proposal to raise hydroponic vegetables and fish, and to hire 170 workers, encounters problems with securing financing.
By Leslie Bridgers lbridgers@pressherald.com
Staff Writer
Staff Writer
A 37-acre greenhouse project proposed in Windham has been
"indefinitely delayed" because of uncertain financing, says the Arundel
man who pitched the project to the town this winter.
Construction on Sebago Farms, a facility for raising
hydroponic vegetables and fish, was supposed to begin this spring,
according to the plan John der Kinderen laid out in January.
That schedule was contingent on funding from a European venture
capital group, which hasn't been able to provide the money, der Kinderen
said this week, citing the European Union's ongoing financial crisis.
He would not name the venture capital group or go into further detail
about the plan for financing the project, other than to say that Sebago
Farms' local backers are now seeking other investors.
"Because we have not secured new financing, the project is indefinitely delayed," der Kinderen wrote in an email.
He said the funding issues also caused Sebago Farms to sever ties
with BioSynEnergy, an international firm that developed a model for
ultra-efficient greenhouses to use renewable energy for growing produce
and raising fish in any climate year-round.
Sebago Farms was one of several facilities BioSynEnergy was working
to build throughout the country, der Kinderen said when the plan was
announced.
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