Mccarthy Building Companies Completes Construction of New 26 MW Solar Project In Imperial County, CA
Greenbacker Renewable Energy Company's Midway III Solar project brings local community clean energy, jobs and tax revenue
By: McCarthy Building Companies
Mechanical production at Midway III began in Q1 of 2018 and the project was completed in September 2018. Midway III sells all generated power to a large California utility through a 20-year fixed-price power purchase agreement.
"When we announced the purchase of this pre-construction project last year, we estimated that it would take until October 2018 to complete. We are pleased to announce that due to the dedication of our technical asset management staff and the great work of our construction partners, Solar Frontier and McCarthy Building Companies, we were able to complete the commissioning of the project in September. The Company continues to demonstrate an ability to successfully execute a wide variety of transactions including the purchase of construction-
During construction, McCarthy hired 150 local craft workers to construct the project, supporting growth in the clean energy job sector. The project consisted of engineering procurement, assembling, installing and wiring 976 single-axis trackers supporting 140,976 solar panels. To train the local workforce in the emerging solar industry, McCarthy implemented principles of Training Within Industry (TWI), a program originally developed by United States Department of War in the 1940s to help quickly and reliably re-train workers on moderately complex tasks. Through its TWI solar program, McCarthy applies its "Learn. Perform. Repeat" methodology and offers highly effective and efficient training to workers who have little or no experience in solar installations. By deploying TWI and lean construction principles on solar projects from coast to coast McCarthy is overcoming the biggest challenge faced by the construction industry today and successfully training its solar workforce.
"We're pleased to complete our first solar project with Greenbacker, successfully adding to their solar portfolio and clean energy solutions in California,"
Since 2013, McCarthy's Renewable Energy Team has completed or is in the process of constructing more than 30 utility-scale clean energy projects in communities from coast to coast, a combined capacity of more than 1.3 Gigawatts (GW) of clean energy production. McCarthy earned a 5th place ranking for Top 10 Solar EPCs in the U.S. by Solar Power World's 2018 Top Solar Contractors.
About McCarthy Building Companies
McCarthy Building Companies, Inc. (http://www.mccarthy.com/
About Greenbacker Renewable Energy Company
Greenbacker Renewable Energy Company is a public, non-traded limited liability company that owns and operates a diversified portfolio of income-producing renewable energy power plants, energy efficiency projects and other sustainable investments.
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The Company undertakes no obligation to update any forward-looking statement contained herein to conform to actual results or changes in the Company's expectations.