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Green energy supply contracts signed by the Alberta New Democrat government are operating in the black, according to a new paper from the University of Calgary’s School of Public Policy.
The Renewable Energy Program awarded three rounds of power supply contracts at set prices to wind power developers beginning in 2017.
Three projects in the first round have been in operation for about 18 months – including the Whitla Wind Farm near Bow Island – and researchers estimate those put power on the grid below the floating market price.
The discount could be $2 million per year in the province’s favour, say researchers Blake Shaffer and Sara Hastings-Simon of the U of C, and a net to the government as much as $28 million because they don’t collect carbon credit offsets as per the contract.
The technology solutions installed will be owned by Ameresco on land it will lease from Colorado Mountain College. Ameresco will then sell the output generated to HCE.
The avoided annual greenhouse gas emissions of the solar PV are expected to be 6,853 metric tons of carbon dioxide equivalent, which equates to the emissions benefit of removing 1,481 passenger vehicles from the road, or not burning 7,551,050 pounds of coal.
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“One of the extraordinary things about working in this industry is finding and utilizing solutions that work for all of our customers,” said Louis Maltezos, executive vice president of Ameresco. “By eliminating concerns around potential financial barriers and leveraging our deep technical expertise, we can focus on fostering innovative solutions that fit our clients’ needs and benefit the communities they service.”
Holy Cross Energy, Colorado Mountain College, Ameresco team up on solar project April 7, 2021, 10:36 am
Colorado Mountain College on Tuesday issued the following press release on its partnership with Holy Cross Energy to develop a solar and battery storage project on CMC’s campus in Glenwood Springs:
FRAMINGHAM, MA and GLENWOOD SPRINGS, C.O. –
April 6, 2021 – Ameresco, Inc., (NYSE: AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced its partnership with Holy Cross Energy (HCE) for a solar and battery energy storage project, which utilizes land leased from Colorado Mountain College at its Spring Valley Campus.
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