FRAMINGHAM, Mass.Ameresco, Inc. (NYSE: AMRC), a prominent cleantech integrator specializing in energy efficiency and renewable energy, has recently marked significant achievements both in its financial and project execution capabilities.’
In a strategic financial maneuver, Ameresco secured a $100 million second lien debt financing from Nuveen Energy Infrastructure Credit. This move reinforces the company’s commitment to expanding its footprint in the cleantech industry while providing a layer of balance sheet stability under favorable terms. This collaboration with Nuveen, a well-regarded name in energy infrastructure credit, underscores confidence in Ameresco’s business model and growth potential.
“We’re thrilled to be working with Nuveen, who have proven in short order to be a valuable partner in our mission to advance sustainable energy solutions,” said an Ameresco representative. This injection of capital promises to fuel Ameresco’s ongoing and future projects, solidifying its position as a leader in the field.
On the project side of its operations, Ameresco also recently celebrated the commercial operations of Kpono Solar at Joint Base Pearl Harbor-Hickam West Loch Annex in Honolulu, Hawaii. The solar and battery storage facility is now operational and contributing to Hawaiian Electric’s grid on Oahu. The Kpono Solar site, which underwent a formal dedication ceremony in Ewa Beach, marks another successful venture in Ameresco’s portfolio of renewable energy projects.
The Kpono Solar project not only exemplifies Ameresco’s capability to deliver large-scale renewable energy solutions but also highlights its role in supporting critical infrastructure and military installations. The solar facility is expected to provide sustainable, resilient power, helping to meet Hawaii’s ambitious energy goals and fortify the energy security of Joint Base Pearl Harbor-Hickam.
The dual announcements underscore a period of robust activity for Ameresco, balancing financial prudence with ambitious project executions. As the company continues to scale its operations, these developments are likely to have a profound impact, reinforcing Ameresco’s market position and its dedication to fostering a sustainable future.
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