Babcock & Wilcox Renewable Awarded $12 Million in Contracts for 144-Megawatts of Utility-Scale Solar Installation Projects
25 Julho 2022 - 7:30AM
Business Wire
Babcock & Wilcox (B&W) (NYSE: BW) announced today that
its B&W Renewable segment has been awarded contracts totaling
more than $12 million for two utility-scale solar panel
installation projects totaling 144-megawatts, located in the
Midwest United States.
The photovoltaic solar farms will produce zero-carbon,
zero-emissions power for more than 20,000 homes and businesses.
“The U.S. clean energy revolution is under way, and we’re
excited to be part of these utility-scale solar projects,” said
B&W Executive Vice President and Chief Operating Officer Jimmy
Morgan. “B&W’s solar services are part of our broad suite of
renewable energy, decarbonization and environmental solutions.”
“Our solar installation and service capabilities allow us to
effectively serve a broad range of customers, including
utility-scale installations such as these,” Morgan said. “As demand
for clean energy solutions continues to grow, we’re optimistic
about the ongoing growth of the North American solar energy
market.”
Project planning is in progress and completion is scheduled for
the fourth quarter of 2022.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises,
Inc., is a global leader in energy and environmental technologies
and services for the power and industrial markets. Follow us on
Twitter @BabcockWilcox and learn more at www.babcock.com.
About B&W Renewable
Babcock & Wilcox Renewable offers cost-effective
technologies for efficient and environmentally sustainable power
and heat generation, including waste-to-energy, biomass energy and
black liquor systems for the pulp and paper industry. B&W
Renewable’s leading technologies support a circular economy,
diverting waste from landfills to use for power generation and
replacing fossil fuels, while recovering metals and reducing
emissions.
Forward-Looking Statements
B&W cautions that this release contains forward-looking
statements, including, without limitation, statements relating to
the awarding and completion of contracts for solar installation
projects in the Midwest United States, as well as the growth of the
North American solar energy market. These forward-looking
statements are based on management’s current expectations and
involve a number of risks and uncertainties. For a more complete
discussion of these risk factors, see our filings with the
Securities and Exchange Commission, including our most recent
annual report on Form 10-K. If one or more of these risks or other
risks materialize, actual results may vary materially from those
expressed. We caution readers not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release, and we undertake no obligation to update or revise any
forward-looking statement, except to the extent required by
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220725005329/en/
Investor Contact: B&W Investor Relations 704.625.4944
| investors@babcock.com Media Contact: Ryan Cornell Public
Relations Babcock & Wilcox 330.860.1345 |
rscornell@babcock.com
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