September 23 (Renewables Now) – U.S. solar and electric mobility infrastructure company iSun Inc (NASDAQ: ISUN) on Wednesday announced it has been selected by Fusion Renewable to build a 448 MW portfolio of direct current (DC) solar projects at three locations in Alabama.
The work obtained includes professional turnkey, development and engineering, procurement and construction (EPC) services. The development and professional services contract, worth USD 7 million (EUR 6 million), starts immediately, while the notice of implementation of the first EPC project is expected in 2022.
Fusion Renewable structured the projects, which will be owned by a joint venture between Israeli state-owned companies. Altmayer Limited Partnership is an active development partner.
iSun said this was its second foray into the large-scale solar EPC market after acquiring the intellectual property of Oakwood Construction Services Inc earlier this year.
“Our acquisition of Oakwood Construction in April of this year and the launch of iSun Utility marked our initial entry into the utilities industry and the professional and development services market,” commented Managing Director Jeffrey Peck. The company has since secured contracts for more than $ 8.25 million in development and professional services costs and has secured the EPC rights for nearly 566 MW DC of projects, representing potential future revenues of over $ 500 million, added the CEO.
In June, iSun said it had been commissioned by Fusion Renewables to provide turnkey development and tendered EPC services for a 118 MWp solar portfolio spanning eight sites in North and South Carolina.
(1 USD = 0.852 EUR)