Primoris Services Corporation Awarded Solar Projects with an Estimated Value of $770 Million
June 27 2023 - 4:15PM
Business Wire
Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the
“Company”) announced today it received solar projects with a
combined estimated value of approximately $770 million. The
contracts were secured by the Company’s Energy Segment.
“Based on the strength of our customer relationships and our
proven track record to execute best-in-class utility-scale solar
projects, we continue to see repeat customers partner with Primoris
for the successful construction of their projects,” said Tom
McCormick, President and Chief Executive Officer of Primoris.
“These awards are further recognition of the exceptional
performance by Primoris’ workforce and their capabilities to
execute our responsibilities to the satisfaction of our
customers.”
The awards are for the engineering, procurement and construction
of three utility-scale solar facilities with a combined generation
capacity of over 1.4 GW located in the Southwest. Initial project
construction will begin in the third quarter of 2023 on one of the
three projects and the remaining two projects will have initial
project construction beginning in the third quarter of 2025.
About Primoris
Primoris Services Corporation is a premier specialty contractor
providing critical infrastructure services to the utility, energy,
and renewables markets throughout the United States and Canada.
Built on a foundation of trust, we deliver a range of engineering,
construction, and maintenance services that power, connect, and
enhance society. On projects spanning utility-scale solar,
renewables, power delivery, communications, and transportation
infrastructure, we offer unmatched value to our clients, a safe and
entrepreneurial culture to our employees, and innovation and
excellence to our communities. To learn more, visit www.prim.com
and follow us on social media at @PrimorisServicesCorporation.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements
that reflect, when made, the Company’s expectations or beliefs
concerning future events that involve risks and uncertainties,
including the Company’s future performance. Forward-looking
statements include all statements that are not historical facts and
can be identified by terms such as “anticipates”, “believes”,
“could”, “estimates”, “expects”, “intends”, “may”, “plans”,
“potential”, “predicts”, “projects”, “should”, “will”, “would” or
similar expressions. Forward-looking statements include information
concerning our possible or assumed future results of operations,
business strategies, financing plans, competitive position,
industry environment, potential growth opportunities, the effects
of regulation and the economy, generally. Forward-looking
statements inherently involve known and unknown risks,
uncertainties, and other factors, which may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Actual results may
differ materially as a result of a number of factors, including,
among other things, the risks described in Part I, Item 1A “Risk
Factors” of our Annual Report on Form 10-K for the year ended
December 31, 2022, and our other filings with the U.S. Securities
and Exchange Commission (“SEC”). Such filings are available on the
SEC’s website at www.sec.gov. Given these risks and uncertainties,
you should not place undue reliance on forward-looking statements.
Primoris does not undertake any obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
under applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20230626840590/en/
Blake Holcomb Vice President, Investor Relations 214-545-6773
bholcomb@prim.com
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