(TTEK) Tetra Tech Incorporated Gets Wind Farm Deal

February 17th, 2010

Tetra Tech, Inc. (TTEK) announced that it has been awarded a $40 million contract to design and build a 152-megawatt (MW) wind farm outside of Woodward, Oklahoma.

Tech will provide engineering-procurement-construction (EPC) services to CPV Keenan II Renewable Energy Company, LLC for the Keenan II Wind Farm. Tetra Tech previously completed the upfront environmental and permitting work for this project.

Siemens will furnish and erect 66 2.3-MW turbines for the Keenan II Wind Farm. Tetra Tech is responsible for all other aspects of the wind farm design and construction Incorporatedluding electrical collection, transmission lines, grid connection, and wind turbine foundations.

The company also recently figured as one of five firms that were collectively awarded a $750 million contract to provide design-build services for large construction projects for the U.S. Navy. The majority of the work would be performed in the District of Columbia, Maryland, and Virginia.

The period of performance for this firm fixed-price contract is one base year with four one-year options, and the five awardees will share the total contract value. The Naval Facilities Engineering Command (NAVFAC) Washington anticipates that this contract would be used for construction projects ranging in size from approximately $10 million to $30 million per task order.

Tetra Tech is a leading provider of consulting, engineering, and technical services worldwide. It is a diverse company Incorporatedluding individuals with expertise in science, research, engineering, construction, and information technology. Its strength is in collectively providing integrated services—delivering the best solutions to meet clients’ needs. Its major competitors include Shaw Group Inc. (SHAW) and URS Corp. (URS).

We currently have an Underperform recommendation on TTEK.

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More on this topic (What's this?)
Tetra Tech (TTEK) Awarded $40 Million Wind Farm Deal (Keenan II) (Green Stocks Central, 2/16/10)
Are Western Wind Turbine Manufacturers In Trouble? (Green Chip Stocks, 1/18/12)
Does Investing in Wind Power Make Sense? (Investment U, 11/15/11)
Chinese Wind Turbines Find Home In Montana (Green Chip Stocks, 1/23/12)
Read more on Tetra Tech, Wind Energy at Wikinvest

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