PowerSecure receives US$100 million in utility-scale PV installations

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  PowerSecure plans to expect around US$15 million in revenue from these plants in the fourth quarter of 2015. Image: Chandra Marsono/Creative Commons

PowerSecure International has been awarded US$100 million in new solar plants, including a ground-mounted project for one of the largest investor owned utilities (IOUs) in the United States.

PowerSecure plans to recognise around US$15 million in revenue from these plants in the fourth quarter of 2015 and US$85 million through 2016.

The awards follow US$120 million in utility grade solar plants that were announced in mid-2014 for a large IOU customer, as well as around US$30 million of microgrid and energy storage projects.

Sidney Hinton, chief executive officer of PowerSecure, said: "The solar marketplace remains very active and we are excited to add these new large awards to our growing backlog of utility-scale solar projects and complex microgrid solutions which integrate solar energy. Projects like these new solar awards build on our strong start to 2015 and add to the backlog that is already building for 2016.”