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INDIANAPOLIS, May 21, 2019 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”) Chief Executive Officer JP Roehm was elected to the American Wind Energy Association’s Board of Directors.
Mr. Roehm took his seat on the Board during the AWEA WINDPOWER Conference & Exhibition this week in Houston. He will serve a three-year term on a board that guides the national trade association for the U.S. wind energy industry. The AWEA represents 1,000 member companies that account for more than 114,000 U.S. jobs.
“AWEA plays a vital role in positioning the wind industry for long-term success, and I welcome the opportunity to help lead the association as it carries out its important mission,” Mr. Roehm said. “Wind power is at the forefront of propelling the U.S. economy toward a cleaner, more efficient energy future. As a leader in the industry, IEA brings valuable expertise and insight to benefit AWEA’s efforts to highlight wind power as one of the most competitive sources of new electricity.”
IEA, a leading infrastructure construction company with specialized energy and heavy civil expertise, is a top-tier builder of wind energy projects in the U.S. The Company has completed wind projects with 10 of the 16 largest developers and owners in the country, and it has built more than 7,200 wind turbines across 35 states.
The U.S. wind power industry increased its overall capacity by 8 percent in 2018 to 96,433 megawatts and reached 97,223 megawatts in the first quarter of 2019. That’s more than double the total installed U.S. wind power capacity at the start of this decade and is enough to power more than 30 million homes, according to AWEA data.
Additionally, as the cost of developing renewable energy continues to decline, new-build wind capacity is projected to become cost-competitive with existing conventional energy plants in the next decade, according to a 2019 McKinsey & Company analysis. McKinsey forecasts that the share of renewables in global power generation, including wind, could grow from around 25% today to 50% by 2035 and 75% by 2050.
IEA is a leading infrastructure construction company with specialized energy and heavy civil expertise. Headquartered in Indianapolis, Indiana, with operations throughout the country, IEA’s service offering spans the entire construction process. The company offers a full spectrum of delivery models including full engineering, procurement, and construction, turnkey, design-build, balance of plant, and subcontracting services. IEA is one of three Tier 1 wind energy contractors in the United States and has completed more than 200 wind and solar projects across North America. In the heavy civil space, IEA offers a number of specialty services including environmental remediation, industrial maintenance, specialty transportation infrastructure and other site development for public and private projects. For more information, please visit IEA’s website at www.iea.net or follow IEA on Facebook, LinkedIn and Twitter for the latest company news and events.
Forward Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as “anticipate,” “expect,” “could,” “may,” “intend,” “plan” and “believe,” among others, generally identify forward-looking statements. These forward-looking statements are based on currently available operating, financial, economic and other information, and are subject to a number of risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. A variety of factors, many of which are beyond our control, could cause actual future results or events to differ materially from those projected in the forward-looking statements in this release. For a full description of the risks and uncertainties which could cause actual results to differ from our forward-looking statements, please refer to IEA’s periodic filings with the Securities & Exchange Commission including those described as “Risk Factors” in IEA’s 10-K filed on March 14, 2019. IEA does not undertake any obligation to update forward-looking statements whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
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|Larry Clark, Senior Vice President|