Power Purchase Agreement is expected to provide the Town with over
1.2 million kWh of annual energy savings and reduce greenhouse gas
emissions
Company Website:
http://www.ameresco.com
FRAMINGHAM, Mass. & BETHEL, Conn. -- (Business Wire)
Ameresco,
Inc. (NYSE:AMRC), a leading energy
efficiency and renewable
energy company and the Town of Bethel, are hosting a ribbon-cutting
today at the Town’s capped landfill to celebrate the completion of the solar
photovoltaic (“PV”) facility. The Town partnered with Ameresco to
develop the solar PV project under a 20-year Power Purchase Agreement
(PPA). Ameresco will operate and maintain the system for the term of the
contract to ensure optimal energy production.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180601005101/en/
“For years, Town leadership, staff, and community volunteers have been
working diligently to identify and implement meaningful energy
efficiency and renewable energy solutions. With today’s ribbon-cutting,
we celebrate another milestone in our journey to a more sustainable
future,” said Matthew Knickerbocker, First Selectman, Town of Bethel.
“This solar project represents a key piece of our overall community
strategy to become more energy efficient and cost effective in our
municipal energy operations.”
“I’m pleased to participate today to help recognize the Town’s
significant contribution towards environmental stewardship,” said Tracy
Babbidge, Bureau Chief for Energy Policy at DEEP. “I congratulate
Bethel’s leadership for their commitment to protecting natural resources
and inventiveness in finding a sustainable solution to the siting and
development of renewable power for the financial benefit of the Town.”
Bethel’s solar farm is comprised of more than 2,900 photovoltaic panels
totaling 947.7 kW DC and designed to generate over 1.2 million kWh of
renewable electricity each year. The solar farm is connected directly to
the local utility distribution system. The annual CO2 emissions
reduction of 934 metric tons is equivalent to taking 200 cars off the
road and annual electricity usage of 140 homes.
“Ameresco is delighted to have had the opportunity to work with the Town
of Bethel on this solar project,” said David J. Anderson, Executive Vice
President, Ameresco. “Renewable energy projects like this one directly
benefit the Town. With 100% of the solar system’s energy generated used
to power Bethel’s town buildings and operations, through virtual net
metering, the Town’s consumption at key buildings is offset.
Furthermore, it demonstrates the Town’s commitment to sustainability.”
This project brought the Town landfill into compliance with the
Connecticut Department of Energy and Environmental Protection. The Town
of Bethel is now being supplied by green renewable power.
About Town of Bethel
Bethel is a vibrant, growing community
in northern Fairfield County. Bethel has retained its small-town charm
in the downtown shopping district while providing 21st century
facilities and services. Bethel’s convenient location, safe environment,
quality schools, affordable real estate and taxes, and superb quality of
life make it the ideal town in which to live and work, attracting solid
middle-class residents and a skilled and educated workforce. For more
information, visit http://www.bethel-ct.gov/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc.
(NYSE:AMRC) is a leading independent provider of comprehensive services,
energy efficiency, infrastructure upgrades, asset sustainability and
renewable energy solutions for businesses and organizations throughout
North America and Europe. Ameresco’s sustainability services include
upgrades to a facility’s energy infrastructure and the development,
construction and operation of renewable energy plants. Ameresco has
successfully completed energy saving, environmentally responsible
projects with federal, state and local governments, healthcare and
educational institutions, housing authorities, and commercial and
industrial customers. With its corporate 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.
The announcement of a customer’s entry into a power purchase
agreement is not necessarily indicative of the timing or amount of
revenue from such contract, of the company’s overall revenue for any
particular period or of trends in the company’s overall total assets in
development or operation. This project was included in our previously
reported assets in operation as of March 31, 2018.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180601005101/en/
Contacts:
Ameresco:
CarolAnn Hibbard, 508-661-2264
news@ameresco.com
or
Town
of Bethel:
Matthew Knickerbocker, 203-794-8501
knickerbockerm@bethel-ct.gov
Source: Ameresco, Inc.
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