Ameresco indicators USD-30m finance for solar projects

• US renewable energy firm Ameresco Inc (NYSE: AMRC) on Thursday stated it has actually authorized a finance center of as much as USD 30 million (EUR 25m) to be utilized for the building of solar projects.

The center with Fifth Third Bank NA makes it feasible for Ameresco to utilize funds for solar farms under construction prior to it secures irreversible funding or sells them.

"This cutting-edge facility stands for a versatile source of building funding for our solar assets. 5th Third has demonstrated its ongoing confidence in renewables as well as Ameresco's ability to relocate projects onward in spite of challenging times," primary financial officer Doran Hole noted.