Infrastructure and Energy Alternatives Inc. announced two new wind energy project awards.
Infrastructure and Energy Alternatives Inc. ("IEA" or the "Company"), a leading infrastructure construction company with specialized energy and heavy civil expertise, announced two new wind energy project awards valued at approximately $150 million.
One award is for construction of the Las Majadas Wind Farm in Willacy County, southern Texas. This is an approximate 272-megawatt project that is expected to provide enough energy to power up to 77,000 average Texas homes. This is equivalent to avoiding nearly 280,000 metric tons of carbon (CO2) emissions annually. The power generated by the project's planned 125 Vestas turbines will be delivered into the Texas electrical grid.
Construction on the Las Majadas project is scheduled to begin in July with full operation by October 2020.
The second award is for construction of the Coyote Wind Farm in Scurry County, Texas, which is about 260 miles west of Dallas. This is an approximate 242-megawatt project, whose 59 Siemens Gamesa turbines are expected to power up to 65,500 homes. The power generated by Coyote Wind also will be delivered into the Texas electrical grid.
Construction on Coyote Wind is slated to begin in July and finish in September 2020.
EDF Renewables North America is the lead developer on both projects. The company is a market leading independent power producer and service provider with over 30 years of expertise in renewable energy. The company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables' North American portfolio consists of 16 GW of developed projects and 10 GW under service contracts.
The scope of IEA's work on both Las Majadas and Coyote Wind will include wind turbine installation, public road maintenance and repairs, turbine access roads and MV collection system installation.
The U.S. wind power industry increased its overall capacity by eight percent in 2018 to 96,433 megawatts. That more than doubled the capacity level at the start of this decade and is enough to power more than 30 million homes, according to American Wind Energy Association data.
Additionally, as the cost of developing renewable energy continues to decline, new-build wind capacity is projected to become cost-competitive with existing conventional energy plants in the next decade, according to a 2019 McKinsey & Company analysis. As such, McKinsey forecasts continued growth in renewable energy investments, including wind, for several years: The share of renewables in global power generation could grow from around 25 percent today to 50 percent by 2035 and 75 percent by 2050.
For more information, visit IEA's website at iea.net.
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