Fluor Finishes Arizona Energy Plant's EPC Work - Analyst Blog


Photovoltaic energy is increasingly becoming popular across the world and it is crucial for the biggest photovoltaic farms to get into action as soon as possible. On that note, Arlington Valley Solar Energy II facility has a lot to thank Fluor Corporation ( FLR ) for completing its engineering, procurement and construction work (EPC) safely and ahead of schedule.

The Arlington Valley Solar Energy II facility for Arlington Valley Solar Energy II, LLC (AVSE II), a member of LS Power Group, is one of the largest photovoltaic farms.

The contract was awarded to Fluor in Oct 2011. In Feb 2012, another operations and maintenance services contract for the facility was awarded to Fluor for an additional five-year period.

This facility is situated in Maricopa County, Arizona and is the world's largest photovoltaic farms supplying clean, renewable energy to the region. This 125 Megawatt Photovoltaic plant positions Arizona as one of the leading states installing solar panel or photovoltaic systems.

LS Power is a power generation and transmission group with a proven track record of successful development activities, operations management and commercial execution. The company has been involved in the development, construction, or operations of over 28,000 MW of power generation across the United States.

Photovoltaic energy's eco-friendly nature drives its popularity. This form of energy captures the solar energy using photovoltaic cells. The main advantage is that the solar panel or the photovoltaic system does not always need bright sunlight to generate energy and can work on a cloudy day; thereby allowing the power grid to have uninterrupted generation of power. Furthermore, with the help of photovoltaic energy the carbon footprint can be reduced to a great extent

Fluor had announced the initial stage of completion of this contract in May 2013. With this major contract, Fluor became the leader in the solar power engineering and construction industry. For the construction of this facility, Fluor installed more than 600,000 PV panels and pulled 6 million feet of cable. This is one of the largest solar PV projects for LS Power in the world.

Fluor currently has a Zacks Rank #3 (Hold). Other companies in the industry which look attractive for investment at the moment are VSE Corp . ( VSEC ), Quanta Services Inc. ( PWR ) and Jacobs Engineering Group Inc . ( JEC ). VSE Corp currently has a Zacks Rank #1 (Strong Buy), while the other two carry a Zacks Rank #2 (Buy).

FLUOR CORP-NEW (FLR): Free Stock Analysis Report

JACOBS ENGIN GR (JEC): Free Stock Analysis Report

QUANTA SERVICES (PWR): Free Stock Analysis Report

VSE CORP (VSEC): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: FLR , JEC , PWR , VSEC



More from Zacks.com:

Related Videos

What to Wear to a Wedding
What to Wear to a Wedding           
4th of July Outfits
4th of July Outfits                 



Most Active by Volume

  • $17.03 ▼ 1.10%
  • $30.555 ▲ 1.24%
  • $126.44 ▼ 0.13%
  • $40.59 ▼ 6.26%
  • $19.07 ▲ 1.54%
  • $26.78 ▲ 0.45%
  • $5.85 ▲ 1.56%
  • $8.83 ▲ 2.08%
As of 7/2/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com