Ameresco closes $ 30 million solar loan facility with Fifth Third Bank

Ameresco Inc., an energy efficiency and renewable energy company, has entered into a construction loan facility of up to $ 30 million to finance solar projects and assets. Funding was secured by a construction loan facility from Fifth Third Bank, National Association. This non-recourse facility allows Ameresco to withdraw loan proceeds for solar projects under construction as a gateway to their permanent financing or sale during commercial operation.

“This innovative facility represents a flexible source of construction capital for our solar assets,” said Doran Hole, Chief Financial Officer of Ameresco. “Fifth Third has demonstrated its continued confidence in renewable energy and Ameresco’s ability to move projects forward through difficult times.”

“This funding highlights the continued growth of the solar market and Fifth Third’s commitment to the renewable energy sector,” said Eric Cohen, renewable energy finance manager at Fifth Third Bank, NA. industry since 2012, Fifth Third is proud to help clients across the country access capital and achieve their goals.

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