Ameresco contracted energy efficiency project in Virginia

Framingham, Mass., March 15, 2011 — Ameresco, Inc., an energy efficiency and renewable energy company, entered into an energy savings performance contract with Shenandoah County Public Schools, located 90 miles west of Washington, D.C. in the northern Shenandoah Valley of Virginia.

As part of the contract, Ameresco will provide energy efficiency upgrades to 10 schools in Shenandoah County, as well as the school division's bus garage and maintenance shop.

The $7.3 million project is expected to provide annual energy savings of $480,000 over a 16-year term.

Ameresco worked with Shenandoah County Public Schools to complete the Qualified School Construction Bonds application. The Shenandoah County Public Schools were awarded an interest free $7.3 million grant through the QSCB under the American Recovery and Reinvestment Act. The annual savings are expected to exceed $480,000, generating a positive cash flow for the schools over the term of the project.

Ameresco completed a thorough energy performance audit in order to better understand the facilities' baseline energy and other utility consumption.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs