Ameresco, Bright Canyon Energy Partner To Build Large Scale Project

  • Ameresco Inc AMRC and Bright Canyon Energy proposed Kūpono Solar Project, a combined solar and battery system to be built at the Joint Base Pearl Harbor-Hickam West Loch Annex Hawai'i.
  • The proposed project is designed to deliver 42 megawatts (MW) of clean, renewable energy to Hawaiian Electric's grid on the island of O'ahu.
  • In 2021, Ameresco and Bright Canyon established a JV to advance the Kūpono Solar Project. This is the first project for the JV to focus on renewable energy, energy security, and resiliency on O'ahu.
  • In support of a Department of Defense long-term energy security initiative, Kūpono Solar signed a 37-year land lease with the Navy to provide critical energy resiliency upgrades.
  • Construction is expected to be completed in early 2024.
  • Price Action: AMRC shares are trading lower by 2.44% at $57.29 on the last check Wednesday.
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