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(Alliance News) - John Wood Group PLC on Tuesday said it has secured two contracts worth more than USD200 million with a US power and energy company.
Shares in John Wood were up 8.4% at 228.60 pence in London in morning trading.
The Aberdeen, Scotland-based engineering and consulting firm will deliver two major solar projects in the US state of Virginia with a 190 megawatt combined output.
The first of these solar engineering, procurement and construction contracts will be a 120-megawatt solar facility located in Pittsylvania County and is expected to be operational in 2022 while. The other is a 70-megawatt solar facility in Chesapeake which is likely to become operational in late 2021.
The two facilities further Virginia's clean economy act, which was passed in April 2020 and required that all of the states's electricity be entirely carbon-free by 2050.
John Wood did not disclose the name of its client.
Stephanie Cox, chief executive of John Wood's Asset Solutions Americas business, said: "These contracts build on a 10-year relationship with our client, for whom we've executed more than 40 projects. The awards are testament to our ability to maintain consistent project execution, deliver to accelerated construction schedules and bring forth a strong [engineering, procurement and construction] proposition and skilled workforce to meet our client's project goals.
"We are seeing an unstoppable momentum towards a lower-carbon energy environment and Wood is proud to partner with clients that are committed to investing in a sustainable energy future."
John Wood said these latest contracts follow its recent wins including USD100 million of onshore wind projects that will contribute to the doubling in size of the company's US renewable business in 2020.
By Anna Farley; annafarley@alliancenews.com
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