New Projects, Renewables, Solar

Solar power plant to be built by Fluor

Fluor Corp. (NYSE: FLR) said Arlington Valley Solar Energy II, LLC (AVSE II), a member of LS Power Group, has awarded the company a lump-sum engineering, procurement and construction (EPC) contract, as well as a separate contract for ongoing operations and maintenance services (O&M) for its new nominal 125 MW solar photovoltaic (PV) facility in Arizona. Fluor has received full notice to proceed and booked the undisclosed EPC project value into backlog in the fourth quarter of 2011.

All of the major permits for the project have been secured.  AVSE II has closed financing for the project and has executed the power purchase agreement for the entire power output from the facility.

Engineering and procurement is under way and the facility is expected to achieve full commercial operation by the end of 2013.

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