ABB_id2059
in News Departments > Projects & Contracts
print the content item

Rockville, Md.-based Argan Inc. has announced that its wholly owned subsidiary Gemma Power Systems - through its joint venture entity Gemma Renewable Power LLC - has received an initial limited notice to proceed from Grand Ridge II LLC for an approximately $50 million contract to design and build the expansion of a wind farm in LaSalle County, Ill. The Grand Ridge wind farm is expected to consist of up to 166 wind turbines. Gemma Renewable Power will provide design and construction of roads, foundations and electrical collection systems in addition to erecting towers, turbines and blades.

Gemma Renewable Power was formed in June as a joint venture between Gemma Power Systems and Invenergy Wind Management LLC, with the partners each owning 50% of the new company.

Gemma Renewable Power expects to receive the final notice to proceed shortly, subject to negotiation of the balance of plant contract. The project is expected to be completed in 2009.

SOURCE: Argan Inc.


Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.

Hybrid Energy Innovations 2015