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Benzinga
Benzinga
Business
Akanksha Bakshi

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

  • Infrastructure & Energy Alternatives Inc (NASDAQ: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.
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