April 14, 2022 MYR Group Inc. Subsidiary Awarded Timberland Solar Project with ConEdison
Under the contract, MYRE will provide engineering, procurement, and construction (EPC) services to install more than 380,000 solar modules on a 1,300-acre site and provide construction of the associated substation. The project will break ground in spring 2022 with preconstruction activities to begin immediately. Project completion is scheduled for late 2023.
“MYR Group is proud to play a significant role in this
important project, leveraging our technical expertise to
deliver superior construction and further elevating our
position in the clean energy market,” said
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About
Forward-Looking Statement
This press release (and any oral statements regarding the
subject matter of this press release) contains
forward-looking statements intended to qualify for the
“safe harbor” from liability established by the
Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, but are not limited to:
the expected cost of the work under this project, which
includes services beyond the services expected to be
performed by MYR and MYRE; the scope, services, terms and
results of the project to be performed, and the expected
time frames for contract award and project completion, as
well as statements reflecting expectations, intentions,
assumptions or beliefs about future events and other
statements that do not relate strictly to historical or
current facts. Although MYR’s management believes that the
expectations reflected in such forward-looking statements
are reasonable, it can give no assurance that such
expectations will prove to be correct. These statements can
be affected by inaccurate assumptions and by a variety of
risks and uncertainties that are difficult to predict or
beyond our control, including, among others, the award of
the contract for the project and the final terms and
conditions of the contract relating to the project;
successful performance and completion of the contract and
project, including achievement of expected efficiencies;
failure to realize the anticipated value of the contract;
total costs of the project, which includes permitting,
engineering, materials and construction, may be more or less
than estimated; the potential for incurrence of damages,
schedule delays or performance shortfalls, including as a
result of warranty claims following completion; the failure
of MYRE’s subcontractors and material suppliers to perform
their obligations, including warranty obligations, under
their subcontracts; adverse changes in economic conditions
and trends in relevant markets; future growth in the
electric utility industry; delays or changes in scope of
project; the inability of our customer to pay for services;
cancellation and termination provisions present in the
contract; and other factors affecting the business of the
respective parties generally, including risks detailed in
MYR’s Annual Report on Form 10-K for the year ended
Contacts
Source: MYR Group, Inc.