Infrastructure and Energy Alternatives, Inc. Announces Wind Contract Award
The award is for construction of the Neosho Ridge Wind project in
Once IEA receives Full Notice to Proceed, the scope of IEA’s work will include wind turbine installation, public road maintenance, turbine access roads, MV collection system installation and the construction of a high voltage project substation and transmission line connecting the project to the electrical grid. Project work is scheduled to commence in
“The Neosho Ridge Wind project is an excellent example of the continued strong demand for clean energy and the ongoing opportunities we see as the leader in the wind construction business,” said JP Roehm, IEA’s Chief Executive Officer.
The U.S. wind power industry increased its overall capacity by 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.