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Ameresco Inc (NYSE: AMRC) provides investors and stakeholders with timely updates on its energy efficiency initiatives and renewable energy projects through this dedicated news hub. Access press releases, financial disclosures, and operational developments from North America’s leading integrated clean technology provider.
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Ameresco (NYSE: AMRC) has partnered with the Los Angeles Unified School District (LAUSD) to implement a $20.7 million solar and EV charging infrastructure project across five middle schools. The project involves installing 2.7 MW of solar carport and shade structure PV systems at Northridge, Pacoima, Sherman Oaks, Sun Valley, and Sutter middle schools.
The initiative is part of a larger program to install solar at 21 LAUSD schools, supporting the district's 2019 Clean Energy Resolution targeting 100% clean energy by 2040. The comprehensive 21-school program is expected to generate up to $168 million in utility cost avoidance over the 25-year project term, with a net cost avoidance of up to $45.7 million after implementation and maintenance costs.
Ameresco (NYSE: AMRC) has announced the successful start of commercial operations for its 1.3 MW solar photovoltaic canopy project in Reston, Virginia, developed in partnership with BXP (NYSE: BXP). The innovative system, mounted on a downtown parking garage at Reston Town Center, is expected to generate approximately 1.5 million kilowatt-hours of renewable energy annually.
The behind-the-meter project, completed in late 2024, transforms the parking facility into a megawatt-scale renewable energy plant while providing covered parking. The installation will deliver cost savings through competitive energy pricing, enhance energy security, and reduce grid dependence for BXP's Reston Town Center facility.
Ameresco (NYSE: AMRC), a leading energy solutions provider, has announced its management team's participation in three upcoming investor conferences in May and June 2025:
- May 28: SVP/CIO Josh Baribeau will attend Craig-Hallum's 22nd Annual Institutional Investor Conference in Minneapolis
- June 3: EVP/CFO/CAO Mark Chiplock and SVP/CIO Joshua Baribeau will participate in Stifel's 2025 Boston Cross Sector Conference
- June 25: SVP/CIO Joshua Baribeau and President Lou Maltezos will attend ROTH's 15th Annual London Conference
Ameresco (NYSE: AMRC) has secured a significant financial arrangement through its subsidiary, featuring a $78 million Series A note to finance a battery energy storage asset under construction, with maturity in 2045. The comprehensive deal includes planned Series B notes for a solar-plus-storage project and a $300 million uncommitted private shelf facility for future energy assets.
The agreement, established with CounterpointeSRE and Barings, also encompasses investment tax credit transfer arrangements for the battery asset and future projects. This strategic financing structure aims to accelerate Ameresco's deployment of resilient energy infrastructure, focusing on cost savings, resilience, and decarbonization initiatives.
Ameresco (NYSE: AMRC) has secured approval from An Bord Pleanála for a significant upgrade to the Kilvinane Wind Farm in Ireland through its subsidiary, Cork Sustainable Energy Limited (CSEL). The wind farm, located in County Cork, consists of three turbines and can produce approximately 8,500 MWh of energy annually. The facility supplies power to Ireland's National Grid, contributing to the country's renewable energy targets.
The upgrade approval was granted based on the project's consistency with local structural characteristics. Ireland holds the position of second-largest producer of wind energy globally in terms of electricity share from wind power. This decision provides greater clarity for wind farm operators and planning authorities regarding routine maintenance activities.