FRAMINGHAM, Massachusetts & TIVERTON & CUMBERLAND, RI – (COMMERCIAL THREAD) – Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the commercial commissioning of its energy site solar plant in Tiverton, Rhode Island and the mechanical completion of its site in Cumberland, Rhode Island. Both stages mark significant milestones in the advancement of solar energy resources within the state.
Located on a former cornfield, Ameresco’s solar power plant in Tiverton comprises more than 12,000 modules with a power generation capacity of 4.95 MW. By implementing these solutions, the Rhode Island Airport Corporation (RIAC) is expected to achieve annual savings of approximately $ 380,000 in the first year alone. Although not yet in commercial operation, the Cumberland solar site has installed more than 14,000 modules with a power generation capacity of 5.71 MW, subsequently accumulating annual savings of approximately 410 $ 000 the first year.
RIAC has entered into a long-term agreement with Ameresco as the designated purchaser of clean energy generated by the two sites. The RIAC has long supported the development of various sustainable resources and environmental programs aimed at minimizing the potential negative impacts of airport operations.
The two solar sites further strengthen Cumberland and Tiverton’s commitment to implementing reliable, cost-effective and environmentally friendly solutions. Over the years, Cumberland has prioritized various sustainability initiatives by installing energy efficient technologies in public buildings, and Tiverton has established local conservation and recycling commissions dedicated to educating community residents. These initiatives play a vital role in informing the public and reinforcing the importance of renewable energy solutions.
“Our projects in Cumberland and Tiverton are prime examples of the economic and environmental benefits that renewable energy solutions provide to our customers. By developing and implementing more than 10 MW of electrical capacity and achieving more than $ 790,000 in annual energy savings, these projects provide a source of renewable energy that directly advances the state’s commitment. towards the expansion of clean energy within its renewable energy portfolio. Said David J. Anderson, Executive Vice President and Director of Ameresco.
Commercial operation of the Cumberland Project is expected to be completed by April 2021.
To learn more about energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE: AMRC) is a leading cleantech integrator and developer, owner and operator of renewable assets. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to customers across North America and the UK. Ameresco’s sustainability services in support of customers’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction and operation of distributed energy resources. Ameresco has successfully completed energy saving and environmentally friendly projects with federal, state and local governments, health and educational institutions, housing authorities, and commercial and industrial customers. With its headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada and the United Kingdom. For more information, visit www.ameresco.com.
About the Rhode Island Airport Corporation
The Rhode Island Airport Corporation was formed on December 9, 1992 as a semi-autonomous subsidiary of the Rhode Island Commerce Corporation to operate and maintain the state airport system. The powers of the company are vested in its board of directors composed of seven members, all appointed by the governor. The Rhode Island Airport Corporation is responsible for the design, construction, operation and maintenance of the six public airports; and the supervision of all civilian airports, landing areas, navigation facilities, flight schools and flying clubs. In addition to TF Green Airport, the Rhode Island Airport Corporation is responsible for five general aviation airports statewide: Block Island, Newport, North Central, Quonset and Westerly. For more information visit RIAC at https://www.pvdairport.com/.
Announcement of the completion by Ameresco of a renewable energy asset project is not necessarily indicative of the timing or amount of revenue from the energy asset, the overall revenue of the business for a particular period. or trends in the total assets of the developing or operating business. The Tiverton site was included in our previously reported operating assets and the Cumberland site was included in our previously reported developing assets as of December 31, 2020.