Ameresco Inc., a leading energy solutions provider, has announced the execution of a $78 million facility to finance a battery storage energy asset, marking a significant step in its ongoing and future energy infrastructure projects. The financial arrangement, made in collaboration with CounterpointeSRE and Barings, includes the issuance of Series A notes for the battery storage asset and contemplates an additional issuance of Series B notes for a solar plus battery energy storage asset. Moreover, Ameresco has secured a $300 million uncommitted private shelf facility to support future projects. This strategic move emphasizes Ameresco's commitment to advancing energy solutions, enhancing resilience, and supporting decarbonization efforts. The agreement also includes provisions for transferring investment tax credits associated with the assets once they achieve commercial operation.
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