The company's projects include landfill-gas-to-energy, wind farms, and solar projects. One recent project example is Ameresco's partnership with the San Antonio water system to develop a new sewage treatment plant. Rather than flaring its methane, this plant will capture and transfer it to a commercial gas pipeline to be sold on the open market. Over the course of this 20-year partnership, Ameresco will treat and transfer at least 900,000 cubic feet of gas. In return, the water system's ratepayers will receive a royalty on the sale of the gas at approximately $200,000 a year, which will reduce the cost of operations and keep rates affordable.
Ameresco's initial public offering took place in July 2010, so the company has limited corporate reporting. Portfolio 21 has asked the company to improve its communications and include metrics on the progress of its own internal environmental initiatives.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 9/30/12 and may not reflect current opinions or subsequent events.