Ameresco Secures $125 Million Financing from Nuveen to Support European Growth
Key Highlights
- ➤Ameresco secures $125 million five-year financing facility from Nuveen
- ➤Facility capacity can expand by $100 million, reaching $225 million
- ➤European revenue grew from $62 million in 2022 to $529 million in 2025
- ➤European operations now represent approximately 25% of Ameresco’s revenues
- ➤Facility has limited recourse and does not affect senior secured leverage ratios
Expert Statements
Josh Baribeau, Senior Vice President and Chief Investment Officer at Ameresco
“We are pleased to be working with Nuveen again as a trusted financing partner”
Josh Baribeau, Senior Vice President and Chief Investment Officer at Ameresco
“This facility gives our European business dedicated, long-term capital to support project execution and working-capital needs as we expand across the region.”
Josh Baribeau, Senior Vice President and Chief Investment Officer at Ameresco
“The scalable structure gives us the flexibility to add additional capacity as our European operations grow.”
George Sakellaris, Chairman and CEO of Ameresco
“This facility gives us the capital to support the planned growth of our European business which has grown from $62 million in revenue in 2022 to $529 million in 2025, now representing approximately 25% of Ameresco’s revenues”
George Sakellaris, Chairman and CEO of Ameresco
“Driving this growth has been the growing demand for renewable energy given increasing electricity demand and costs throughout Europe.”
George Sakellaris, Chairman and CEO of Ameresco
“We also see a significant opportunity for us to bring our battery energy storage (BESS) expertise to the European market, which is just beginning to utilize this technology.”
George Sakellaris, Chairman and CEO of Ameresco
“Our technology expertise and agnostic approach positions Ameresco to build out the energy infrastructure that European customers need.”
Don Dimitrievich, Portfolio Manager of Nuveen’s Energy Infrastructure Credit business
“We look forward to continuing our partnership with Ameresco and providing long-term capital solutions to support its growing European business”
Don Dimitrievich, Portfolio Manager of Nuveen’s Energy Infrastructure Credit business
“Supporting energy infrastructure companies like Ameresco that advance the low-carbon transition and strengthen energy security is central to our strategy.”
Ameresco Secures $125 Million Financing from Nuveen to Support European Growth
Five-year facility provides dedicated capital for energy infrastructure projects and working capital across growing European markets, with capacity to expand to $225 million
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