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Stock impact report

Construction begins on $524m Lucy Solar Project in Texas, US [Yahoo! Finance]

Primoris Services Corporation (PRIM) 
Last primoris services corporation earnings: 2/25 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.primoriscorp.com
Company Research Source: Yahoo! Finance
The 350MW solar farm in Concho County is expected to generate 926 gigawatt-hours of clean electricity a year. The project is being developed by a group known as 'Team Korea', which includes EIP Asset Management, Hyundai Engineering & Construction (Hyundai E&C), Korea Midland Power (KOMIPO), Korea Overseas Infrastructure & Urban Development Corporation, PIS Fund and Topsun. Construction is expected to create around 500 jobs and provide approximately $5m annually in local property tax revenue. The investment is set to provide support to infrastructure, local schools and essential services in Concho County through long-term property tax revenue. The Lucy Solar Project reflects a growing trend of South Korean investment in manufacturing and renewables in US states such as Texas. This is Hyundai E&C's largest solar project outside Asia and KOMIPO's third US greenfield renewable development project. The facility's output has been pre-sold to major companies through long-term vi Show less Read more
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