Canadian Schools Sign FIT Agreements with Ameresco

November 26, 2014 By Linda Hardesty

Ameresco energy manageTwo Ontario school boards, Grand Erie District School Board (GEDSB) in Brantford and Le Conseil des écoles publiques de l’Est de l’Ontario (CEPEO) in Ottawa, signed 20-year solar agreements with Ameresco Canada. Ameresco has completed the installation of 20 PV rooftop systems with GEDSB, and 12 PV rooftop systems with CEPEO, with an aggregate capacity of 3.3 MW.

Ameresco’s solar program with the school boards is governed by the Ontario Power Authority (OPA) Feed-In Tariff (FIT) Program. Through the FIT program, the school boards receive revenue for leasing their rooftops, and the generated electricity is sold back to the grid, offsetting the carbon emissions produced by equivalent traditional electricity generation.

Ameresco’s integrated approach to this extensive solar program includes modeling, financial structuring, engineering, product procurement and project/construction procurement and management, as well as real-time monitoring of power generation for each solar installation. The projects make annual lease payments to the school boards over the 20-year period. The consistent revenue stream allows the school boards to plan for much-needed facility and other upgrades over the longer term.

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