PR Newswire
Orbital Energy Group's Subsidiary, Orbital Solar Services, Awarded $64.0 Million, 137-Megawatt Project from Fortune 100 Energy Company
Wed, June 9, 2021, 8:05 AM·3 min read
HOUSTON, June 9, 2021 /PRNewswire/ – Orbital Energy Group, Inc. (NASDAQ: OEG) ("Orbital"), today announced that its wholly-owned subsidiary, Orbital Solar Services ("OSS"), a leader in utility-scale solar power generation facilities, has been awarded an Engineering, Procurement, and Construction ("EPC") contract ("the Contract") to construct a 137-megawatt solar farm in Arkansas by a North American, Fortune 100 Energy Company. The project has an expected total value of over $64.0 million.
(PRNewsfoto/Orbital Energy Group, Inc.)
(PRNewsfoto/Orbital Energy Group, Inc.)
The Contract calls for OSS to design, engineer, and produce a utility-scale solar array to be delivered in early 2022. Under the Contract terms, OSS will provide full utility-scale EPC services, including substation construction.
In the selection process, OSS was evaluated for its technical, innovation and support capabilities to create a long-term partnership in providing utility-scale solar facilities. OSS was selected based on its in-house engineering capabilities, supply chain relationships and proven track record of having executed over 40 solar projects in excess of 600 megawatts. OSS is a well-recognized industry leader with more than 50 years combined experience in the delivery and management of both commercial and renewable energy construction projects.
Brandon Martin, OSS's CEO, stated, "This new project with an industry-leading, Fortune 100 energy company, demonstrates the recognition of OSS's technical expertise and abilities from North American energy companies in designing and building these large, complex, utility-scale solar projects. We look forward to commencing work on this project even as we continue to pursue other potential opportunities in this area."
"We are thrilled by this award, which highlights the value of our OSS subsidiary to utility-scale solar customers and showcases Orbital's ability to provide services that contribute to reducing our nation's carbon footprint," said Jim O'Neil, Orbital Energy Group's Vice-Chairman & CEO. "OSS continues to expand its industry relationships based on a solid record of achievement, world-class facilities and innovative technologies. By continuing to pursue attractive projects such as this one, we look forward to expanding our presence in the renewable and alternative energy marketplace during the balance of 2021 and beyond."
''About Orbital Energy Group…Cont.''
https://finance.yahoo.com/news/orbital-energy-groups-subsidiary-orbital-120500350.html