Ameresco Inc. (NYSE: AMRC) said it received its Final Acceptance Certificate from the United States Department of Energy (DOE) Savannah River Operations Office for the completion of construction of the DOE Savannah River Site (SRS) 20 MW biomass cogeneration facility (BCF). The project was contracted under the $795 million energy savings performance contract (ESPC) awarded to Ameresco in May 2009.
Following a series of performance tests on the newly-operational plant, the renewable energy facility is on-schedule to provide the necessary process steam to the site as well as provide approximately 30 percent of power for the site once fully operational in 2012.
In May 2009, the U.S. DOE awarded Ameresco the $795 million ESPC task order to finance, design, construct, operate, maintain and fuel the biomass cogeneration facility, which includes three biomass-fueled renewable energy plants located at the SRS.
The biomass cogeneration facility is expected to generate $944 million of energy, water, operations and maintenance savings during Ameresco’s 19 year plant performance agreement while generating up to half of the necessary energy to power the 300 square mile SRS facility. By replacing a coal powerhouse and oil-fired boilers at SRS, the new renewable energy facility is designed to reduce carbon emissions annually by 100,000 tons and save an estimated 1.4 billion gallons of water a year.
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