Market Overview

Ameresco, BlueWave Solar and State and Local Officials Celebrate 16.2 Megawatt Solar Projects in Massachusetts


Massachusetts Lieutenant Governor Karyn Polito participates in ribbon
cutting ceremony

Inc., (NYSE:AMRC), a leading energy
and renewable
company, BlueWave
Solar ("BlueWave"), and state and local officials today celebrated two
recently completed community solar projects in Southeastern
Massachusetts with a ribbon cutting ceremony at a 10.2 megawatt (MW)
solar farm in Wareham. Massachusetts Lieutenant Governor Karyn Polito,
Massachusetts State Senator Marc Pacheco, New Bedford Housing Authority
Executive Director Steve Beauregard, and representatives from the Town
of Wareham participated in the event. The full project consists of the
10.2 MW solar farm across four sites in Wareham, MA, and a 6.0 MW solar
farm in Mattapoisett, MA. Both projects will help provide revenue to
support five public housing authorities in Massachusetts.

"Ameresco is once again proud to have partnered with BlueWave Solar to
deliver these solar farms, which are an environmental and economic
win-win for our local public housing authorities, their residents, and
the Commonwealth of Massachusetts," said Michael T. Bakas, Executive
Vice President, Ameresco. "These projects deliver much needed revenue
to the housing authorities in support of their core mission of
providing housing to their citizens, while allowing them to play a key
role in the development of solar PV in the Commonwealth."

"In continuing our longstanding partnership, BlueWave and Ameresco are
building quality solar projects and bringing clean, renewable energy to
more communities around the Commonwealth," said Eric Graber-Lopez,
Co-Founder and President of BlueWave Solar. "These projects in Wareham
and Mattapoisett will not only bring long-term revenue the public
housing authorities in the area, but they serve as a tremendous boost to
the clean energy economy in Massachusetts. That's good news for the
environment and local communities."

The two solar farms are owned by Ameresco and were codeveloped by
BlueWave. Under 20-year agreements, annual payments will be made to the
public housing authorities of Fairhaven, Mattapoisett, New Bedford,
Kingston, and Plymouth. As a result of the solar projects, the housing
authorities will receive these benefits over the next 20 years in
support of providing housing to their citizens.

At Mattapoisett an Eversource right of way runs adjacent to the project
site and serves as the point of interconnection. At Wareham, the
Eversource right of way bisects the four arrays. More than 47,000 solar
photovoltaic modules were used in the projects.

The solar farms are expected to reduce carbon emissions by 16,276 metric
tons of CO2 annually which is the equivalent of planting more
than 19,000 acres of U.S. forests or taking 3,485 passenger cars off the
road. Emission reductions were estimated using the U.S. Environmental
Protection Agency (EPA) Greenhouse Gas Equivalencies Calculator.

About BlueWave Solar

BlueWave is a B Corp on a mission to revolutionize energy with simple,
powerful solar solutions. For homeowners who can install rooftop solar,
we offer innovative loan financing through installers in MA, RI, NY, SC,
NC, and FL. In addition, BlueWave is the only company offering AllBlue,
which combines rooftop and community solar to deliver savings on 100% of
customers' energy use. Our solar management platform enables installers
to make BlueWave loans and community solar accessible to more residents
and businesses, while conveniently serving customers.

Pioneering developers of community solar farms in Massachusetts,
BlueWave has developed and built more than 135 MW of projects to date
and now provides community solar power access to thousands of customers,
both through our own solar farms and through farms developed by others.
To learn more about BlueWave, named one of the 20 fastest-growing
companies in Massachusetts by the Inc. 5000, visit

About Ameresco

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent
provider of comprehensive services, energy efficiency, infrastructure
upgrades, asset sustainability and renewable energy solutions for
businesses and organizations throughout North America and Europe.
Ameresco's sustainability services include upgrades to a facility's
energy infrastructure and the development, construction and operation of
renewable energy plants. Ameresco has successfully completed energy
saving, environmentally responsible projects with federal, state and
local governments, healthcare and educational institutions, housing
authorities, and commercial and industrial customers. With its corporate
headquarters in Framingham, MA, Ameresco has more than 1,000 employees
providing local expertise in the United States, Canada, and the United
Kingdom. For more information, visit

The announcement of a customer's entry into an agreement is not
necessarily indicative of the timing or amount of revenue from such
contract, of the company's overall revenue for any particular period or
of trends in the company's overall total assets in development or
operation. These projects were included in our previously reported
assets in development as of June 30, 2018.

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