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Ameresco Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, today joined with Community College of Rhode Island (CCRI) to host Gov. Lincoln D. Chafee and local leaders to commemorate the completion of the first phase of a $14.8 million multi-phase Energy Savings Performance Contract (ESPC) that encompasses four campuses.
During the ribbon-cutting event hosted at the Warwick-based Knight Campus, CCRI President Ray Di Pasquale, Warwick Mayor Scott Avedisian, Rhode Island officials and Ameresco executives recognized the economic and environmental benefits of the ESPC that is expected to save the college an estimated $1.2 million annually.
"The energy efficiency improvements completed by CCRI and Ameresco demonstrate the progress being made toward a more sustainable future for Rhode Island," said Gov. Lincoln D. Chafee. "The approach used here is an excellent example for other nonprofits and businesses throughout Rhode Island of how to help our environment, our economy, and your bottom line."
This budget-neutral project will enable the community college to apply cost savings from energy-efficient equipment to help renew campus facilities and building systems. Ameresco installed energy efficient technology that will reduce energy and water costs while improving CCRI’s overall sustainability efforts. Although the heaviest concentration of efficiency work was completed at the Knight Campus, CCRI’s four campuses all have received upgrades.
“As the largest community college in New England with a student population of nearly 18,000, we recognized the need to evaluate and reduce our overall environmental impact,” said CCRI President Ray Di Pasquale. “Through our partnership with Ameresco, we have improved our sustainability while also realizing significant cost savings that can be reinvested in infrastructure to further enhance student life.”
“I am very pleased to join Gov. Chafee and President Di Pasquale as CCRI celebrates completion of the first phase of this exciting project,” said Warwick Mayor Scott Avedisian. “This will save the college a significant amount of money annually and improve campus facilities, which is great news for the college and its students, faculty and staff. Equally important is that the numerous improvements that have been made will help the college in its efforts to conserve our natural resources, which sends a great message to CCRI’s students and the larger community about the need to protect and preserve our environment.”