Primoris Companies Corp’s power phase has received a number of new contracts with a mixed price ticket of $1.1 billion.
It mentioned in a media launch the awards included greater than $700 million for engineering, procurement and building providers for utility-scale photo voltaic tasks, secured within the fourth quarter of 2023, and a pure fuel repowering venture with battery power storage valued at greater than $350 million, awarded within the first quarter of 2024.
“Our sturdy shopper relationships and execution experience proceed to drive progress in our backlog of tasks within the Power phase”, mentioned Tom McCormick, President and Chief Govt Officer of Primoris. “These awards span throughout three states and can assist to fulfill the power wants of 1000’s of properties within the communities we serve. I’m happy with the arduous work and dedication of our groups to shut out 2023 with a deep backlog of tasks and for beginning 2024 heading in the right direction”.
The photo voltaic tasks are scheduled to start within the second and third quarters of 2024 and in early 2025 whereas the repowering venture is anticipated to start building within the second half of 2024, the specialty contractor mentioned.
Earlier towards the top of 2023, its power phase secured new awards totaling over $800 million in worth. The awards included greater than $300 million for engineering, procurement and building providers for utility-scale photo voltaic tasks. The tasks kicked off engineering and mobilization within the fourth quarter of 2023 and early 2024.
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