Renewable solar power to deliver energy cost savings, and reduce the
University’s carbon footprint
Ameresco, Inc. (NYSE:AMRC), a leading energy
efficiency and renewable
energy company, today announced their successful project with the
University of Minnesota for solar installations throughout the Twin
Cities campus. The project will result in the equivalent of 1,705 metric
tons of CO2 saved per year and demonstrates the importance of
sustainability leadership by the University throughout the higher
education community.
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University of Minnesota Partners with Ameresco to Install 2 Megawatts of Solar Energy Generation and Advances Goal to Reduce Emissions 50% by 2020 (Photo: Business Wire)
“The University has a carbon footprint reduction goal of eliminating our
net carbon emissions by 2050, and we are able to take a significant step
in achieving that goal with this project.” said Shane Stennes,
Sustainability Director for the University.
Ameresco was selected through a competitive Request for Proposal process
and awarded the solar contract by the University of Minnesota in 2017.
The project allows Ameresco to engineer, procure, construct, operate,
and maintain the comprehensive solar solution. The first phase of this
project includes nine sites on the Twin Cities campus. A potential
second phase may result in expanding with similar solar installations on
the satellite campuses in Duluth, Morris, and Crookston. The solar
installations include ground mounted systems, ballasted rooftop systems,
and parking lot carports.
“The University of Minnesota has demonstrated stewardship within the
higher educational community by embarking on this project across many
campuses throughout the state,” said Lou Maltezos, Executive Vice
President of Ameresco. “Leadership in sustainability is important for
higher educational institutions across the country and the University of
Minnesota has taken the steps to reduce risk and improve their energy
portfolio."
The University has benefited from the opportunity for student
involvement in sustainability efforts, along with the annual electric
output of over 2.4 million kWh to hedge their electricity financial
portfolio and limit overall institutional risk.
About University of Minnesota
The flagship University of Minnesota Twin Cities is the state’s
land-grant university and one of the most prestigious public research
universities in the nation. The University of Minnesota has five
locations: Twin Cities (Minneapolis-St. Paul); Duluth; Crookston;
Morris; and Rochester. The University of Minnesota is a vital part of
Minnesota’s economy. It ranks fifth among the largest employers in
Minnesota. It ranks eighth among U.S. public universities in research
spending and generates an estimated $8.6 billion annual economic impact
for the state of Minnesota. The University’s Regional Sustainable
Development Partnerships serve Greater Minnesota with 145 active
sustainable development projects across the state. For more information,
visit https://twin-cities.umn.edu/.
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, or completion of, a
project contract 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
construction backlog. This project was included in our reported
contracted backlog as of December 31, 2018.
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