IEA Bags $75M Contract To Support Illinois Wind Project

Infrastructure & Energy Alternatives Inc IEA subsidiary White Construction has secured a $75 million award with Invenergy, a privately-held developer, owner, and operator of sustainable energy solutions.
IEA will provide construction services for the Sapphire Sky Wind Project, a planned 250-megawatt (MW) utility-scale wind farm in McLean County, Illinois.
Under the scope of work, IEA will self-perform the engineering and construction of 64 wind turbines and nearly 20 miles of private-land access roads.
The project commenced during 4Q21, with targeted completion by 4Q22. The development is anticipated to create nearly 300 new jobs for the state of Illinois during construction.
Price Action: IEA shares are trading higher by 0.83% at $9.76 on the last check Tuesday.