Groundbreaking held for solar power project in Massachusetts

Ameresco Inc. (NYSE: AMRC) on Sept. 28 held a groundbreaking ceremony to commemorate the start of construction on a new 1.5 MW ground-mounted photovoltaic (PV) system at a Lowell, Mass., capped-landfill site.

The new project is the latest phase of a power purchase agreement (PPA) with Ameresco, which also implemented an earlier 348 kW solar PPA and an Energy Savings Performance Contract (ESPC) that included infrastructure upgrades to 47 municipal buildings that are expected to save the City of Lowell over $1.5 million in energy costs annually.

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