Company Announcements

Wood's growth in renewables continues with two major U.S. solar contracts

HOUSTON - June 16, 2020- Wood, the global engineering and consulting company, has secured two solar engineering, procurement and construction (EPC) contracts from an American power and energy company worth over $200 million.

Wood was selected following a competitive tender process and will be responsible for delivering two major solar projects in the U.S. state of Virginia with a combined output of 190 megawatts.

The first project is a 120-megawatt solar facility in Pittsylvania County, expected to be operational in 2022.

The second project covers a 70-megawatt solar facility in Chesapeake and is expected to be operational in late 2021.

Both solar facilities also further Virginia's Clean Economy Act, passed on April 13, 2020, which mandates that the state's electricity be 100% carbon-free by 2050.

Stephanie Cox, CEO of 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 EPC 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."

These awards follow a series of other recent contract wins including $100 million of onshore wind projects, that will see Wood's US renewables business double in size in 2020.

To date, Wood has delivered over 200 solar projects across the globe, including 35GW of solar PV projects. In addition to its extensive engineering, procurement and construction track record, Wood has provided advisory solutions for over 13 years and developed world leading guidelines for the renewables sector, including the IFC solar guidebook.

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Note to Editors:

Wood is a global leader in consulting, projects and operations solutions in energy and the built environment. We operate in more than 60 countries, employing around 55,000 people, with revenues of around $10 billion. www.woodplc.com

For further information contact:  press.office@woodplc.com