Ameresco gets contract under USD-17.4m clean energy plan in Hawaii

Dec 3, 2013 - US firm Ameresco Inc (NYSE:AMRC) said Monday it will install energy conservation and renewable energy solutions at 33 state-owned buildings as part of a USD-17.4-million (EUR-13m) state initiative in Hawaii.

The services will be provided under an Energy Savings Performance Contract (ESPC) with the State of Hawaii Department of Accounting and General Services (DAGS).

Energy efficiency and renewables specialist Ameresco said that the 33 buildings that are to go greener are located on the islands of Kauai, Oahu, Molokai, Maui and Hawaii's Big Island. The design build implementation period, which is expected to last about two years, will involve the installation of solar plants with more than 3,370 panels in total, capable of producing 1.3 million kWh of electricity each year. The work will also include the replacement or retrofitting of 13,000 light fixtures, installing seven new chillers and replacing 53 transformers.

The DAGS project is expected to generate cost savings of over USD 1 million in the first year and cut operational costs by USD 28 million in the next 20 years. The scheme is also to lower energy and water consumption in the 33 buildings and produce renewable energy at 13 facilities.

(USD 1.0 = EUR 0.737)

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