Energy

Ameresco Solar Projects Expand Rhode Island’s Renewable Energy Infrastructure

Ameresco, Inc. (NYSE: AMRC), a major sustainable technology integrator specialized in energy conservation and green energy, reported today that its solar energy facility in Tiverton, Rhode Island, has reached commercial service, and its solar energy facility in Cumberland, Rhode Island, has reached mechanical completion. Both successes are essential steps forward in the growth of solar energy infrastructure in the province.

Ameresco’s Tiverton solar energy plant, which is built on a previous corn-field and has a power of 4.95 MW, has over 12,000 modules. The Rhode Island Airport Company (RIAC) anticipates a $380,000 total cost reduction in the first year only due to the introduction of these solutions. Though not yet in commercial service, Cumberland solar facility installed more than 14,000 modules together with a 5.71 MW electricity generation potential, resulting in a yearly cost savings of around $410,000 in the first year.

As the authorized off-taker of the renewable energy produced at both facilities, RIAC has signed a long-term agreement with Ameresco. RIAC has a lengthy tradition of aiding with creating numerous natural capital and sustainability projects aimed at mitigating the detrimental consequences of airport activities.

The inclusion of both solar sites bolsters Cumberland and Tiverton’s dedication to developing dependable, cost-effective, as well as environmentally friendly technologies. Cumberland has prioritized numerous environmental programs in public buildings by incorporating energy-saving systems, and Tiverton has formed municipal reuse and recycling committees committed to informing neighborhood citizens. These programs are critical in educating the public and reinforcing the value of clean energy alternatives.

“Our ventures in Cumberland, as well as Tiverton, demonstrate the environmental and economic advantages that clean energy technologies have to our customers. These ventures include a green energy source that specifically promotes the state’s pledge to sustainable energy growth within their sustainable energy portfolio by creating and integrating over 10MW of power resources and generating over $790K in yearly energy savings.” Ameresco’s executive vice president as well as director, David J. Anderson, stated. The Cumberland venture is scheduled to begin commercial operations in April 2021.

Ameresco, Inc. (NYSE: AMRC), a major cleantech integrator as well as renewable asset producer, creator, and operator, was established in 2000. Energy performance, technology improvements, asset preservation, and clean energy technologies are among the resources we offer to clients throughout the United Kingdom and North America. Enhancements to a plant’s energy systems, as well as the growth, installation, and maintenance of distributed energy supplies, are among Ameresco’s sustainability solutions in support of the clients’ Net Zero goals.

The Rhode Island Airport Corporation, which is a semi-autonomous affiliate of Rhode Island Commerce Corporation, was founded on 9 December 1992 to run and manage the state’s airport system. The corporation’s responsibilities are delegated to a 7-member board of directors, which are all named by the governor. The Rhode Island Airport Company is in charge of all the civil airports, navigation centers, landing areas, air colleges, flying clubs, and the planning, development, service, and management of the six state-owned airports.

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