Ameresco Helps Generate Green Revenue for Two Ontario School Boards

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Posted: Tuesday, November 25, 2014 9:30 pm

FRAMINGHAM, Mass. -- Ameresco, Inc., an energy efficiency and renewable energy company, announced that two Ontario school boards, Grand Erie District School Board based in Brantford, and Le Conseil des écoles publiques de l'Est de l'Ontario, based in Ottawa, are benefiting from greener schools and a revenue stream for 20 years, through a solar partnership with Ameresco Canada.

Ameresco’s solar program with the school boards is governed by the Ontario Power Authority Feed-In Tariff Program based on the directives from the Ontario Ministry of Energy’s 2009 Green Energy Act, which supports the development and implementation of green and renewable energy technologies in Ontario. These include solar energy, wind power, water power, biomass, biogas and landfill gas. Through the FIT program, the school boards will receive revenue for leasing their rooftops, and the generated electricity will be sold back to the grid, offsetting the carbon emissions produced by equivalent traditional electricity generation. This revenue is expected to allow the boards to confront the much-needed school building renewal backlog of equipment maintenance and repairs, as well as boost underfunded academic programming.

Ameresco has been an active participant in the FIT program developing solar photovoltaic projects on school rooftops since 2009. Ameresco has completed the installation of 20 PV rooftop systems with GEDSB, and 12 PV rooftop systems with CEPEO, with an aggregate capacity of 3.3 MW. These two boards were among the first school districts to participate in the FIT Program and sign FIT contracts in Ontario, with Ameresco as their renewable energy generation partner. Ameresco continues to be an active participant with recent awards of FIT contracts for two additional Ontario school districts, with solar assets totaling 1.5 MW, and additional applications pending OPA approval.

Ameresco staff has more than 30 years of experience with school districts as an energy solutions provider helping school districts manage their financial and sustainability challenges, while ensuring quality work/study environments for the staff and students. The FIT program allows Ameresco and the school districts to build on their established relationship and achieve greater success through the generation of renewable energy.

Ameresco’s integrated approach to this extensive solar program includes modeling, solid financial structuring, engineering, product procurement and project/construction procurement and management, as well as real-time monitoring of power generation for each solar installation. The projects make annual lease payments to the school boards over the 20-year period. The consistent revenue stream allows the school boards to plan for much-needed facility and other upgrades over the longer term.

SOURCE: Ameresco Inc.

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