On May 19, 2025, Ameresco, Inc. announced that one of its subsidiaries executed a note purchase agreement and private shelf agreement to finance ongoing and future energy infrastructure projects. This strategic financial arrangement includes the issuance of Series A notes of $78 million.
The $78 million will finance a battery energy storage asset currently under construction, with Series A notes having a maturity date of 2045 and a fixed interest rate. The arrangement also contemplates Series B notes for a separate solar plus battery energy storage asset.
Additionally, Ameresco entered a $300 million uncommitted private Shelf Facility for future solar and battery energy assets. As part of this transaction, Ameresco signed an agreement for the transfer of investment tax credits (ITCs) associated with the battery asset upon commercial operation, with plans for future ITC transfers.
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