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Ameresco US Battery Projects Funding

Sector: Solar • Location: USA

Source: Renewables Now

Project
Awarded

US cleantech integrator Ameresco Inc has executed a note purchase agreement and private shelf agreement worth a total of USD 378 million to finance an ongoing battery installation and future energy storage projects. The company will open a USD 78 million Series A notes round to secure funds for the construction of a battery energy storage system at an unspecified location. Additionally, Ameresco w

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The project “Ameresco US Battery Projects Funding” is an infrastructure initiative in the Solar sector, located in USA. Taiyo aggregates data on it from Renewables Now.

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Participants

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Description

Description

US cleantech integrator Ameresco Inc has executed a note purchase agreement and private shelf agreement worth a total of USD 378 million to finance an ongoing battery installation and future energy storage projects. The company will open a USD 78 million Series A notes round to secure funds for the construction of a battery energy storage system at an unspecified location. Additionally, Ameresco will issue Series B notes with a 20-year term to support a separate solar-plus-storage project and has arranged a USD 300 million uncommitted private shelf facility for future solar and battery energy assets. The company agreed to transfer investment tax credits associated with the battery project once it reaches commercial operations and for the solar-storage scheme and future deals under the private shelf facility.

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Source

Source reliability

High

Data quality score

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Source

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URL

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