Green Technology

Portland, Maine has signed a deal with Ameresco to cut its carbon footprint.  The project covers approx. 15 years and is to cost $9.4 million.  The city expects to save $17 million over the life of the project.

What is unique about this engagement is that there is no upfront cost to Portland.  "Ameresco will guarantee ... cash flows ... will exceed the cash requirements for the project, offsetting the costs ..."

Per their website ... Ameresco "delivers ... solutions on both sides of the meter ... leverage renewable energy and achieve ... sustainability goals for our ...customers."

Part of the improvements will be a 2,000 watt solar array at one of the schools.

The agreement covers 45 city buildings and 15 schools.

Ameresco is based in Framingham, Mass. 

Via:  Ameresco  LINK