Ameresco Secures $300M+ in Structured Financing for Solar and Storage Projects
Event summary
- Ameresco completed second and third tranches of long-term debt financing for solar and battery storage projects under a $300M+ private shelf facility with CounterpointeSRE and Barings.
- Concurrent tax credit transfers for three projects: 50MW/200MWh BESS, 12MW solar/10MW/50MWh BESS, and 25MW/100MWh BESS with ITC bridge financing.
- Series A, B, and C notes issued under the facility, with proceeds supporting large-scale energy storage and solar-plus-storage deployments.
- Ameresco expects to monetize additional ITCs upon commercial operation of the 25MW/100MWh BESS project.
The big picture
Ameresco's structured financing platform with CounterpointeSRE and Barings represents a strategic shift in how energy infrastructure projects are capitalized, combining long-term debt with tax credit monetization. This approach addresses two critical bottlenecks in the energy transition: project financing and tax equity access. With $481B in AUM, Barings' involvement signals institutional confidence in the scalability of this model for renewable energy deployments.
What we're watching
- Financing Velocity
- Whether Ameresco can sustain this pace of structured financings to support its expanding project pipeline.
- ITC Monetization
- The efficiency with which Ameresco converts tax credits into working capital for new projects.
- Market Scaling
- How this financing model accelerates deployment of large-scale solar-plus-storage assets nationwide.
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