Babcock & Wilcox Renewable Secures $12M In Contracts

• Babcock & Wilcox Enterprises Inc’s (NYSE: BW) segment B&W Renewable has been awarded contracts worth $12 million for two utility-scale solar panel installation projects totaling 144 megawatts in the Midwest United States.

• The photovoltaic solar farms will produce zero-carbon, zero-emissions power for more than 20,000 homes and businesses.

• “Our solar installation and service capabilities allow us to effectively serve a broad range of customers, including utility-scale installations such as these. As demand for clean energy solutions continues to grow, we’re optimistic about the ongoing growth of the North American solar energy market,” commented B&W Executive Vice President and Chief Operating Officer Jimmy Morgan

• Project planning is in progress and is expected to complete by 4Q22.

• Price Action: BW shares are trading higher by 2.64% at $7.19 on the last check Monday.

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