Gemma Power Systems To Partner with Invenergy Wind

NAW Staff, Friday 06 June 2008 - 10:43:49

Rockville, Md.-based Argan Inc. has announced that its wholly owned subsidiary, Gemma Power Systems, has entered into a partnership with Invenergy Wind Management LLC for the design and construction of wind farms located in the U.S. and Canada. The partners will each own 50% of a new company named Gemma Renewable Power LLC.

Gemma Renewable Power will annually provide engineering, procurement and construction services for more than an estimated 300 MW of wind farms, including design and construction of roads, foundations and electrical collection system, as well as the erection of towers, turbines and blades. The new venture shall also assist with some of the ongoing servicing of the wind farms.

"Invenergy is very excited about entering into this agreement with Gemma," says Pat West Sr., vice president of technical services for Invenergy. "This joint venture greatly adds to our construction and maintenance capabilities and further enhances our position as a leading developer and operator of wind generation."

SOURCE: Argan Inc.



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