Infrastructure And Energy Alternatives, Inc. Finalizes $65 Million Wind Construction Contract In Iowa
Infrastructure and Energy Alternatives, Inc. (IEA)
Last infrastructure and energy alternatives, inc. earnings: 3/10 05:25 pm
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Source: GlobeNewswire
INDIANAPOLIS, April 16, 2020 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced that the Company finalized a $65 million wind construction award in the state of Iowa. The contract was secured by White Construction, a subsidiary of IEA that manages utility-scale renewable energy and heavy civil infrastructure projects. IEA recognized approximately $56 million of this contract in backlog at December 31, 2019. The award is for the construction of a 150 MW wind farm in Northern Iowa that, upon its anticipated completion in November 2020, will produce roughly 600,000 megawatt-hours of electricity each year, or enough energy to power roughly 70,000 homes. White Construction will self-perform all of the engineering, procurement and construction needs of the project, including the building of access roads, the erection of
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