Guinness Sustainable Energy Fund on Ameresco
Thesis
The fund owns Ameresco as a US-listed clean-energy project developer with exposure to bioenergy and a broader range of energy-efficiency projects. The managers expect higher power prices and stronger efficiency standards to improve the economics of energy-saving projects, while rising power demand supports continued clean-energy investment. Ameresco therefore provides project-development exposure across multiple parts of the transition rather than a single equipment niche.
“Ameresco, a US-listed clean energy project developer”
Key risks
- Project development can be delayed
- Higher interest rates can make project financing more expensive