Infrastructure and Vitality Alternate options, Inc. Wins $ 70 Million Wind Energy Development Contract at Kansas Nasdaq: IEA

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INDIANAPOLIS, Ind., March 2, 2021 (GLOBE NEWSWIRE) – Infrastructure and Vitality Alternate options, Inc. (NASDAQ: IEA) (“IEA” or the “Firm”), a number one infrastructure building firm with specialised experience in vitality and heavy civil, introduced at this time that the corporate has been awarded the Jayhawk Wind Farm contract valued at roughly $ 70 million. Apex Clear Vitality, which develops, constructs and operates utility-scale wind and solar energy amenities in North America, awarded this mission to IEA Constructors, a subsidiary of the IEA that manages tasks of renewable vitality on the scale of public providers and heavy civil infrastructure.

The award is for the development of a large-scale wind farm in Bourbon and Crawford counties in southeastern Kansas with a capability to feed 190 megawatts (MW) of electrical energy into the regional grid. Work on the Jayhawk wind farm started in February and is anticipated to be accomplished by the top of 2021. Apex will handle building on the mission and the IEA will itself carry out all engineering, procurement and upkeep wants. Mission building, together with building of mission roads, enchancment of current public roads close to the location, set up of assortment techniques, foundations and substations, and building of 70 GE wind generators.

Kansas is a superb place for wind energy building. In keeping with the American Clear Energy Affiliation, the state ranks fifth within the nation for wind capability and second for wind energy as a share of complete electrical energy manufacturing, with greater than 6,500 MW of capability. working at this time and 43% of electrical energy from wind energy.

“Wind energy is a important part of energy technology in Kansas, and the IEA is delighted to associate with Apex Clear Vitality to proceed the state’s transition to a carbon impartial footprint,” stated Chris Hanson, govt vp of renewable vitality on the IEA. “The Jayhawk Wind Farm mission website is good. With excessive voltage strains already in place and accessible highways that can scale back the mission’s want for brand new infrastructure, the IEA will have the ability to decrease the environmental affect of building. Along with contributing to the state’s purpose of carbon neutrality, we’re excited to have the ability to create jobs within the state of Kansas and help native retailers, gear distributors and extra by lowering their want for ‘import clear electrical energy from different states.

“We’re thrilled to associate with trade chief IEA to make Jayhawk Wind – Apex’s second mission in Kansas – a actuality,” stated Ken Younger, COO of Apex Clear Vitality. “Throughout building, the Jayhawk Wind mission will generate important native bills and create lots of of native jobs. We stay up for creating, with the IEA, an entire new long-term income stream for Sunflower State and Bourbon and Crawford counties for many years to return. “

So far, the IEA has constructed over 20 gigawatts of renewable vitality tasks throughout North America. IEA was ranked # 2 for wind turbine building amongst Engineering information report Prime 400 entrepreneurs in 2020. For extra data on the IEA’s ENR rankings, please go to enr.com.

Concerning the IEA

Infrastructure and Vitality Alternate options, Inc. is a number one infrastructure building firm with experience in renewable vitality and civil engineering. Primarily based in Indianapolis, Indiana, with operations nationwide, the IEA’s service providing covers your entire building course of. The corporate presents a full vary of supply fashions, together with full engineering, procurement and building, turnkey, design-build, plant stability and subcontracting providers. The IEA is without doubt one of the largest suppliers to the renewable vitality trade and has accomplished greater than 240 utility-scale wind and photo voltaic tasks in North America. In heavy civilian area, the IEA presents various specialised providers, together with environmental remediation, industrial upkeep, specialised transport infrastructure and the event of different websites for private and non-private tasks. For extra data, please go to the IEA web site at www.iea.web or comply with the IEA on Fb, LinkedIn and Twitter for the newest firm information and occasions.

About Apex Clear Vitality

Apex Clear Vitality develops, builds and operates utility scale wind and solar energy amenities throughout North America. Our mission-driven workforce of over 200 renewable vitality specialists use a data-driven method and unmatched portfolio of tasks to create options for the world’s most modern and forward-thinking clients. For extra data on how Apex is main the transition to a clear vitality future, go to apexcleanenergy.com or comply with us on Fb, Twitter and LinkedIn.

Ahead-looking statements

This press launch comprises forward-looking statements inside the that means of the Non-public Securities Litigation Reform Act of 1995. The usage of phrases similar to “anticipate”, “count on”, “might”, “might”, “intend” , “Plan” and “Consider”, amongst others, typically establish forward-looking statements. These forward-looking statements are primarily based on presently obtainable operational, monetary, financial and different data and are topic to various dangers and uncertainties. Readers are cautioned that these forward-looking statements are solely predictions and should differ materially from precise future occasions or outcomes. Varied components, a lot of that are past our management, might trigger precise outcomes or future occasions to vary materially from these projected within the forward-looking statements on this press launch. For a full description of the dangers and uncertainties that might trigger precise outcomes to vary from our forward-looking statements, please check with the IEA’s periodic filings with the Securities & Trade Fee, together with these described as “Danger Elements Within the IEA annual report on Type 10 -Okay filed on March 12, 2020 and within the quarterly studies on Type 10-Q filed thereafter. IEA assumes no obligation to replace any forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides to the extent required by relevant securities legal guidelines.

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