Quanta Services-owned Potelco becomes an equity partner and contractor of the Teanaway Solar Reserve

February 6th, 2010 | Posted in Solar | No Comments

Teanaway Solar ReserveThe Teanaway Solar Reserve has selected Washington-based, Quanta Services-owned Potelco as an equity partner and contractor for the design and construction of a proposed PV solar project to be located 90 miles east of Seattle. The two companies have signed a Memorandum of Understanding under which the parties have agreed to negotiate a contract for engineering, procurement and construction (EPC) services for the 75 MW solar facility that is expected to be the largest PV solar project in the Pacific Northwest to date. Potelco also intends to provide construction financing for the project. The contract and equity arrangements are subject to final terms and conditions to be negotiated.

In total, project will cost between $300 and $350 million. The construction will take two years, employing 225 people from the local communities during the period…

[source: Teanaway Solar Reserve]

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