Infrastructure and Energy Alternatives, Inc. Announces Two Wind Contract Awards in Texas Valued, Together, at $150 Million
One award is for construction of the
Construction on the Las Majadas project is scheduled to begin in July with full operation by
The second award is for construction of the
Construction on Coyote Wind is slated to begin in July and finish in
The scope of IEA’s work on both Las Majadas and Coyote Wind will include wind turbine installation, public road maintenance and repairs, turbine access roads and MV collection system installation.
“Both of these projects exemplify the robust demand for clean energy, including wind projects, that we are seeing in 2019,” said JP Roehm, IEA’s Chief Executive Officer. “The shift to renewable energy across
The U.S. wind power industry increased its overall capacity by eight (8%) percent in 2018 to 96,433 megawatts. That more than doubled the capacity level at the start of this decade and is enough to power more than 30 million homes, according to
Additionally, as the cost of developing renewable energy continues to decline, new-build wind capacity is projected to become cost-competitive with existing conventional energy plants in the next decade, according to a 2019
IEA is a leading builder of wind energy projects in the U.S.
IEA is a leading infrastructure construction company with specialized energy and heavy civil expertise. Headquartered in
Forward Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as “anticipate,” “expect,” “could,” “may,” “intend,” “plan” and “believe,” among others, generally identify forward-looking statements. These forward-looking statements are based on currently available operating, financial, economic and other information, and are subject to a number of risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. A variety of factors, many of which are beyond our control, could cause actual future results or events to differ materially from those projected in the forward-looking statements in this release. For a full description of the risks and uncertainties which could cause actual results to differ from our forward-looking statements, please refer to IEA’s periodic filings with the
Chief Financial Officer
Source: Infrastructure and Energy Alternatives, Inc.