Silicon Ranch Picks IEA To Construct 70 MW Regenerative Solar Project In Georgia

Infrastructure & Energy Alternatives Inc (NASDAQ:IEA) has secured a contract from Silicon Ranch Corporation to construct the Cedar Springs Solar Ranch in Early County, Georgia. Financial terms not disclosed.
The 70-megawatt solar project will provide power to Green Power EMC, the renewable energy supplier for 38 Georgia electric cooperatives.
Nashville, Tennessee-based Silicon Ranch is funding the Cedar Springs Solar Ranch installation and will own and operate the solar array for the long term.
Silicon Ranch's wholly-owned subsidiary, SR EPC, awarded the engineering, procurement, and construction contract to IEA's subsidiary IEA Constructors.
Construction is to commence by the end of Q1 of 2022, and the facility is expected to be online by year-end.
IEA's scope of work includes installing owner-furnished modules and the full balance of system EPC construction. More than 215,000 First Solar Series 6 modules will be installed across the 1,400-acre site in rural southwest Georgia.
Price Action: IEA shares are trading lower by 3.02% at $12.85 on the last check Wednesday.

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