IEA Pockets $44M Contract To Lead Construction Of Wind Farm In California

  • Infrastructure & Energy Alternatives Inc IEA subsidiary White Construction has secured a $44 million award to construct a 60 MW utility-scale wind farm in Riverside County, California.
  • IEA will self-perform all engineering and construction of fifteen wind turbines, two substations and meteorological evaluation towers (METs), and an underground electrical collector system.
  • IEA will also be tasked with constructing new private-land access roads and improvements to existing public roads surrounding the property.
  • The project will commence in 1Q'22, with targeted completion by 1Q'23.
  • Price Action: IEA shares are trading lower by 3.68% at $8.91 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsContractsSmall CapBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!