Eurus Energy America Selects Quanta Services for Construction of Two Utility-Scale Solar Facilities
Comprehensive EPC contract to create jobs and deliver green energy to California
HOUSTON, Sept. 23 - Quanta Services, Inc. (NYSE: PWR) today announced that it has secured two contracts for utility-scale solar installations with Avenal Solar Holdings LLC, a joint venture between Eurus Energy America and NRG Solar, a subsidiary of NRG Energy, Inc. (NYSE: NRG). Under the contracts, Quanta will provide engineering, procurement and construction services for the 20 megawatt Sun City Project and the 19 megawatt Sand Drag Project, both of which are near Avenal, Calif. The Avenal projects, located in Kings County, Calif., were developed by Eurus and are owned jointly by Eurus and NRG.
"These projects are expected to be significant contributors to the local community through the creation of jobs and the generation of clean power," said Mark E. Anderson, president of Eurus Energy America. "By partnering with Quanta, we are able to access a strong, local workforce and proven expertise, optimizing plant design and maximizing balance-of-plant efficiencies."
Under the contract, Quanta will provide comprehensive design and construction services including engineering and site preparation. Engineering is underway with construction expected to start by the end of September and completion projected for the spring of 2011.
"We look forward to showcasing our industry-leading EPC capabilities on these fast-track projects," said John R. Colson, chairman and chief executive officer, Quanta Services. "We appreciate the confidence that Eurus has demonstrated by awarding Quanta these contracts."
Last month, the California Public Utilities Commission approved 20-year power purchase agreements under which Pacific Gas and Electric (PG&E) will buy electricity produced by the solar power plants. The power generated by the new solar facilities will be transported throughout high load areas in California. When operating at full capacity, the projects are expected to produce enough renewable energy to power approximately 31,000 homes.
About Quanta Services
Quanta Services is a leading specialized contracting services company, delivering infrastructure solutions for the electric power, natural gas and pipeline and telecommunication industries. The company's comprehensive services include designing, installing, repairing and maintaining network infrastructure nationwide. Additionally, Quanta licenses point-to-point fiber optic telecommunications infrastructure in select markets and offers related design, procurement, construction and maintenance services. With operations throughout North America, Quanta has the manpower, resources and expertise to complete projects that are local, regional, national or international in scope.
About Eurus Energy America
Eurus Energy America is the wholly-owned subsidiary of Tokyo-based Eurus Energy Holdings (www.eurusenergy.com) and is responsible for North American renewable energy investment, now comprising approximately 600 megawatts in wind power generation. Eurus Energy Holdings, owned by Tokyo Electric Power Company and Toyota Tsusho Corporation, is a global developer, owner and operator of renewable energy facilities, including both wind and solar, with more than 1,900 megawatts worldwide. Eurus Energy America, headquartered in San Diego, California, has been active in the renewable energy sector in the United States for over twenty years, beginning operations of its first renewable power projects in California in 1987.
SOURCE Quanta Services, Inc.
CONTACT:
James Haddox, CFO,
or
Reba Reid,
both of Quanta Services, Inc.,
+1-713-629-7600;
or
Mark E. Anderson of Eurus Energy America,
+1-858-587-5857
Web Site: www.eurusenergy.com
