Ameresco Secures $78 Million Facility To Fund Battery Energy Storage Asset

Ameresco, Inc., a leading energy solutions provider committed to supporting the global energy transition, has announced that one of its subsidiaries has executed a note purchase agreement and private shelf agreement to support its current and future energy infrastructure initiatives. This strategic financing underscores the company’s focus on expanding its clean energy portfolio and strengthening energy resilience across its projects. The initial note purchase involves the issuance of $78 million in Series A notes, designated for the development of a battery energy storage system currently under construction.

These notes carry a fixed interest rate and have a maturity date set for 2045. The financing arrangement also includes the potential issuance—subject to lender approval—of Series B notes to support a separate solar plus battery energy storage project. This second issuance would also carry a 20-year term. Additionally, the Ameresco subsidiary has secured access to a $300 million uncommitted private shelf facility, aimed at facilitating future solar and battery energy storage developments.

George Sakellaris, President & CEO of Ameresco, “This financial arrangement marks a significant milestone for Ameresco as we continue to lead the way in providing innovative energy solutions. We expect that the $300 million private shelf facility will allow us to execute multiple transactions, enhancing our ability to deliver energy projects that drive cost savings, resilience, and decarbonization. We are excited about the flexibility this agreement provides, as we expect that it will enable us to accelerate the deployment of resilient energy infrastructure.”

Eric Alini, CEO of CounterpointeSRE, stated, “We are thrilled to partner with Ameresco, a leading energy solutions and infrastructure provider, to finance impactful renewable energy and storage initiatives. This shelf agreement aligns perfectly with CounterpointeSRE’s commitment to support resilient, sustainable infrastructure in a variety of asset classes that drive both environmental and economic benefits.”

Stephen Coscia, Managing Director, Global Infrastructure Debt at Barings, mentioned, “Barings is delighted to work alongside Ameresco and our affiliate, CounterpointeSRE, on this innovative financing. By combining Barings’ debt expertise with CounterpointeSRE’s origination and tax equity capabilities, we’re able to provide Ameresco with a flexible, comprehensive capital solution. This collaboration underscores the unique advantages of our broad platform and our joint commitment to advancing the clean energy transition.”

As part of the transaction, Ameresco has entered into an agreement for the transfer of investment tax credits related to the battery asset, which will be executed upon the project reaching commercial operation. The company also anticipates signing similar agreements for tax credit transfers related to the solar plus storage project and other future initiatives under the shelf facility, further optimizing the financial viability of its clean energy infrastructure projects.