Energy News Today

John Wood Group PLC wins solar farm contracts in US state of Virginia


“We are seeing an unstoppable momentum towards a lower-carbon energy environment,” Stephanie Cox, chief executive of Wood’s Asset Solutions Americas business said

John Wood Group PLC (LON:WG.) has won a US$200mln-plus contract to construct two large solar-power projects in the US.

The FTSE 250-listed group will carry out the engineering, procurement and construction of one 120-megawatt solar facility and another 70-megawatt solar facility in the state of Virginia for a US energy company.

READ: Wood Group cancels US$160mln dividend amid coronavirus and low crude prices

The smaller of the two projects is expected to be operational in late 2021 and the larger one the year after. 

Virginia’s Clean Economy Act, which was passed in April this year, mandates that the state’s electricity be 100% carbon-free by 2050.

“We are seeing an unstoppable momentum towards a lower-carbon energy environment,” Stephanie Cox, chief executive of Wood’s Asset Solutions Americas business said in an update. 

She said the pair of contracts build on a 10-year relationship with the energy company and 200 solar projects that Wood Group has delivered around the world.

This solar contract comes not long after a US$100mln win in onshore wind and combined will see Wood’s US renewables business double in size in 2020.



Read More: John Wood Group PLC wins solar farm contracts in US state of Virginia

2020-06-16 06:49:00

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
%d bloggers like this: