TORONTO, Nov. 17, 2011 /CNW/ - Energy management company, Ameresco
Canada Inc., is pleased to announce that it has successfully finalized
a senior secured credit facility valued at $7.7 million for two of its
Ontario-based rooftop solar projects aggregating 2,069 kilowatts. The
power generated from the projects will be sold to the Ontario Power
Authority under the 20-year Feed-in-Tariff contracts. The senior
secured credit facility was arranged and structured through Travelers
"We are pleased to be able to work with Travelers Capital Corporation to
secure a construction and non-recourse permanent financing agreement
for our projects as it continues to substantiate our ability to build,
own and fund projects not only within Ontario but across Canada," said
Anthony DaSilva, Chief Operating Officer, Ameresco Canada.
The agreement reinforces Ameresco Canada's ability to work in
conjunction with financiers as well as their clients to structure
funding solutions to ensure project realization and accomplishment.
"Being able to reach such an agreement helps ensure that projects are
brought to fruition and that we can continue to work in partnership
with our clients to create a greener, cleaner Canada. Through working
with our clients, we've come to understand that financial limitations
can often impede our clients from achieving their long-term green
objectives. Our ability to work with our client to source financing
solutions ensures that these objectives become reality," said Mr.
About Ameresco Canada
Ameresco Canada Inc. is a full service energy management company that
provides sustainable solutions and facility renewal services to new and
existing facilities, as well as asset planning and energy and capital
solutions to customers in the education, public housing, federal and
provincial governments, municipalities, healthcare, industrial and
commercial sectors. Ameresco Canada strives to present their clients
with state-of-the-art renewable and sustainable solutions that reduce
greenhouse gas emissions, conserve resources and reduce dependence on
costly, nonrenewable solutions by utilizing green design and
construction as well as clean technologies such as solar, wind,
geothermal, landfill gas, biomass, biogas and hydroelectric. For
further information, visit www.ameresco.ca.
About Travelers Capital Corporation
Travelers Capital Corporation is a unit of Travelers Financial
Corporation which is one of the largest independent finance and leasing
companies in Canada. Travelers Capital Corporation is a financial
services firm offering structured debt and project finance solutions to
developers in the renewable energy sector with a focus on middle market
transactions up to $100 million in size. For more information about
Travelers Capital visit www.travelerscapital.com.
SOURCE Ameresco Canada Inc.
For further information:
For media enquiries, please contact:
Craig Piercey - VP, Marketing and Business Development Services, Ameresco Canada
Mark Bohn - Managing Partner, Travelers Capital Corporation