iSun wins EPC deal for 448-MW solar portfolio in Alabama

Sep 23, 2021 01:33 PM ET
  • United States solar and also electrical movement facilities company iSun Inc (NASDAQ: ISUN) stated on Wednesday it has actually been selected by Fusion Renewable to create a portfolio of 448 MW direct existing (DC) of solar projects throughout 3 places in Alabama.
iSun wins EPC deal for 448-MW solar portfolio in Alabama
Image: U.S. Department of Agriculture

The work safeguarded consists of complete specialist, advancement, as well as design, procurement as well as construction (EPC) solutions. The advancement as well as expert services agreement, worth USD 7 million (EUR 6m), starts immediately, while notification to continue on the very first EPC project is prepared for in 2022.

Fusion Renewable structured the projects, which will certainly be owned by a joint endeavor in between Israeli public companies. The Altmayer Limited Partnership is an active development partner.

iSun claimed this is its 2nd venture into the utility-scale solar EPC market after the procurement of the intellectual property of Oakwood Construction Services Inc previously this year.

"Our purchase of Oakwood construction in April of this year, and also the launch of iSun Utility marked our initial access right into both the Utility scale sector and the expert and growth services industry," commented chief executive Jeffrey Peck. The company has actually considering that safeguarded contracts for over USD 8.25 million in growth as well as specialist services fees as well as has been granted EPC civil liberties for nearly 566 MW DC of projects, standing for possible future incomes of over USD 500 million, the CEO included.

In June, iSun said it had actually been charged by Fusion Renewables with providing turnkey development and EPC solutions subject to affordable tendering for a 118-MWp solar portfolio spanning 8 sites in North as well as South Carolina.

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