THE FOLLOWING IS A RACER TRUST RELEASE
ABOVE: (L-R): Bruce Rasher, Redevelopment Manager, RACER Trust; Bob Hare, Illinois Cleanup Manager, RACER Trust; Cassidy Ellis, New Market Strategy Manager, Ameresco, Inc.; Elliott P. Laws, Administrative Trustee, RACER Trust.
Leading Renewable Energy Asset Developer Built 2.6-MW Solar Generation Facility
RACER Trust today announced that Ameresco, Inc., a leading cleantech integrator and renewable energy asset developer, owner and operator, is the winner of a 2022 RACER’s Edge Award, in recognition of its successful redevelopment and reuse of a former industrial landfill in Danville, Ill., as a 2.6-MW solar generation facility.
Ameresco, which is based in Framingham, Mass., purchased the 80.4-acre Danville Landfill property from RACER Trust in November 2020, investing $3.5 million to develop a generation facility that supplies enough solar energy to power roughly 2,000 homes for a year.
ABOVE: Cassidy Ellis, New Market Strategy Manager, Ameresco, Inc. (left); Elliott P. Laws, Administrative Trustee, RACER Trust.
Elliott P. Laws, of EPLET, LLC, administrative trustee of RACER Trust, presented the RACER’s Edge Award to Ameresco at an awards reception in conjunction with the U.S. EPA’s National Brownfields Training Conference in Oklahoma City. The award recognizes redevelopment excellence at a former RACER property.
“We congratulate and thank Ameresco for its investment, which in addition to revitalizing an idled property is generating clean, renewable energy and new revenue for the community,” Mr. Laws said. “Reuse of landfills can be a complex undertaking. Ameresco has more than 20 years of success as a developer, owner and operator of renewable energy projects, which gave us a great deal of confidence that we had selected the right buyer. Ameresco’s performance confirms our confidence.”
“Ameresco was founded on a mission to create value and provide energy efficient and renewable solutions to the organizations we serve, and we are very pleased with the success of our project in Danville,” said Louis P. Maltezos, EVP, Ameresco. “RACER Trust was a reliable partner as we evaluated this opportunity, and their careful management of the property removed many of the uncertainties that can limit the reuse potential of certain properties.”
About RACER Trust: RACER (Revitalizing Auto Communities Environmental Response) Trust was created to clean up and position for redevelopment properties and other facilities owned by the former General Motors Corp. before its 2009 bankruptcy. When it was formed in 2011, RACER was one of the largest holders of industrial property in the United States and was the largest environmental response and remediation trust in U.S. history. Its initial property holdings were at 89 locations in 14 states, principally in the Midwest and Northeast. The Trust was created by a settlement agreement in the U.S. Bankruptcy Court between the U.S. Government, the 14 states where the former GM properties are located, and the St. Regis Mohawk Tribe, which owns land adjoining one of the properties in Upstate New York. For more information, please visit our website: www.racertrust.org.
About Ameresco, Inc.: Ameresco, Inc., is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Our solutions range from upgrades to facility’s energy infrastructure to the development, construction and operation of renewable energy plants combined with tailored financial solutions. The Company was founded in 2000 by George Sakellaris, a pioneer in the energy service business, on a mission to create value and provide energy efficient and renewable solutions to the organizations we serve. For more information, please visit https://www.ameresco.com.
