October 17 (Renewables Now) - Infrastructure and Energy Alternatives Inc (NASDAQ:IEA), or IEA, has obtained a contract to build a 130-MW wind park in Iowa, work on which is slated to begin later this month.
The value of the deal, which came from an unnamed party, is estimated at USD 67 million (EUR 60.5m), the infrastructure builder said on Wednesday. IEA’s task will be to provide full engineering, procurement and construction (EPC) of project roads, wind turbine foundations, the medium-voltage (MV) collection system and the power plant’s substation.
To be located in western Iowa’s Sac County, the Richland wind park will consist of 53 turbines by General Electric (NYSE:GE), which will be put on stream by September next year. Their output will be fed into the Iowa power grid.
According to the statement, citing data by the American Wind Energy Association, Iowa had 8,957 MW of installed wind turbine capacity at the end of June and an additional 1,122 MW of capacity under construction.
(USD 1.0 = EUR 0.903)