Ameresco Acquires Italian Renewable Energy Company to Expand Portfolio

• US-based Ameresco has announced the acquisition of Milan-based ENERQOS Energy Solutions S.r.l., a renewable energy and energy efficiency firm, with the aim of expanding its portfolio in clean energy projects and solutions all over Italy.

What happened?

US-based Ameresco has announced the acquisition of ENERQOS Energy Solutions S.r.l., a renewable energy and energy efficiency firm based in Milan. The agreement, which is set to conclude next month, will allow Ameresco to expand its portfolio in clean energy projects and solutions all over Italy. Financial advisor to the seller, Aquila Capital, was pleased to be part of the acquisition, saying it “positions us for additional partnerships in the future” (Ameresco, 2021). 

Why does it matter?

The acquisition of ENERQOS Energy Solutions S.r.l. is set to further strengthen Ameresco’s global presence, allowing the developer, owner and operator of renewable energy to expand its portfolio in clean energy projects and solutions all over Italy. According to Ameresco’s President and CEO George Sakellaris, the acquisition “extends our proven track record of providing significant renewable energy and energy efficiency solutions to entities across North America and Europe that increase energy savings and lower carbon emissions” (Ameresco, 2021).

What's next? 

As Ameresco continues to expand its presence in Europe, the company is also focused on creating a more sustainable future for customers. This includes providing innovative technologies that deliver clean energy and enhance overall security, reliability, and resiliency. ENERQOS CEO Enrico Giglioli also expressed his excitement for the acquisition, saying that it was “built on a commitment to developing renewable energy solutions and establishing emission reduction targets, so as to usher in a greener, better future for all” (Ameresco, 2021).