Ameresco to Build 2.5 Megawatt Solar System at U.S. Drug Enforcement Administration El Paso Intelligence Center
The renewable energy and energy efficiency project also includes interior and exterior LED lighting upgrades
EL PASO, TX and FRAMINGHAM, MA – November 27, 2017 – Ameresco, Inc., (NYSE:AMRC), a leading energy efficiency and energy infrastructure company, today announced the U.S. Drug Enforcement Administration (DEA) has entered into a contract with Ameresco to build a 2.47 megawatt solar energy system at the El Paso Intelligence Center located on Fort Bliss in El Paso, Texas. The Energy Saving Performance Contract (ESPC) was awarded to Ameresco under the ESPC ENABLE program.
“Ameresco applauds the partnership of the El Paso Intelligence Center and the DEA in contracting this onsite solar asset,” said Nicole A. Bulgarino, Executive Vice President and General Manager, Federal Solutions, Ameresco. “Together, we have successfully executed an innovative project delivery model to construct this solar PV system.”
The ESPC ENABLE program offers a streamlined process for small federal agency projects to leverage third-party financed energy technologies in six months or less. The contract with Ameresco is also uniquely structured to capture the financial benefits of the solar investment tax credit through an energy sales agreement within the traditional ESPC. Ameresco will finance, build, own and operate the solar system for a period of 20 years under the contract.
The 2.47 megawatt system will be comprised of two ground-mount solar PV systems on the site of the El Paso Intelligence Center. The site will benefit from reduced electricity costs, long-term electric pricing stability, and reduced carbon emissions of more than 3,400 metric tons annually. Overall, the ESPC is expected to achieve more than $9.2 million in energy cost savings.
Ameresco will also convert more than 1,400 interior and exterior lighting fixtures to high-efficiency LEDs. The longer life LEDs will reduce maintenance and replacement costs while providing high-quality illumination and individual office dimming control.
The project will be DEA’s first renewable energy system and first ESPC that will advance agency expertise in renewable energy system installation and integration that can be used by other government facilities. The U.S. Department of Energy’s Federal Energy Management Program (FEMP) has provided technical support for project development, including grant funding through the Assisting Federal Facilities with Energy Conservation Technologies (AFFECT) program.
Ameresco was competitively selected by DEA in February of 2017 to develop the project and was awarded the contract in September of this same year. The project is currently in construction and is expected to be operational by fall of 2018. The building will remain fully-occupied during construction and with regular operations.
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 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 reported in assets in development as of September 30.