SOURCE: Willbros Group, Inc.

Willbros Group, Inc.

December 09, 2010 07:00 ET

Willbros Awarded 37 MW Solar Project on Long Island, NY

HOUSTON, TX--(Marketwire - December 9, 2010) - Willbros Group, Inc. (NYSE: WG) announced today that a unit of its Utility Transmission & Distribution ("Utility T&D") segment, Hawkeye, LLC, based in Hauppauge, NY, was awarded a contract by BP Solar International, Inc. to construct an approximately 37 MW (direct current) solar photovoltaic project to be located in the Town of Brookhaven on Long Island, New York. The project commenced construction on November 2, 2010, and is expected to be completed during the second half of 2011.

The BP Solar project will be located in Suffolk County, New York, on approximately 200 acres of the U.S. Department of Energy's Brookhaven National Laboratory property. The Long Island Power Authority ("LIPA") selected BP Solar to develop the project and nearly all of the output will be sold to LIPA and its customers under a 20 year power purchase agreement.

This will be the largest solar photovoltaic project constructed in the state of New York and involves the installation of approximately 164,312 solar panels (220 watts each) which will be arranged in 24 panel sub-arrays set on steel posts or piles arranged in rows and drilled into the ground. The electricity generated by the solar facility will be stepped up by means of a transformer from 13.8 kV to 69 kV and transmitted via an underground line to a nearby LIPA substation prior to entering the LIPA grid.

Randy Harl, President and Chief Executive Officer of Willbros, commented, "We are excited about this new award and believe it reflects the types of new opportunities we are now well positioned to pursue. We see trends supporting increased development of renewable energy projects and believe this award demonstrates our capabilities as a meaningful player in this growing market."

Willbros Group, Inc. is an independent contractor serving the oil, gas, power, refining and petrochemical industries, providing engineering, construction, turnaround, maintenance, life cycle extension services and facilities development and operations services to industry and government entities worldwide. For more information on Willbros, please visit our web site at www.willbros.com.  

This announcement contains forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments the Company expects or anticipates will or may occur in the future, are forward-looking statements. A number of risks and uncertainties could cause actual results to differ materially from these statements, including the potential for additional investigations; disruptions to the global credit markets; global economic downturn; fines and penalties by government agencies; new legislation or regulations detrimental to the economic operation of refining capacity in the United States; the identification of one or more other issues that require restatement of one or more prior period financial statements; contract and billing disputes; the integration and operation of InfrastruX; the possible losses arising from the discontinuation of operations and the sale of the Nigeria assets; the existence of material weaknesses in internal controls over financial reporting; availability of quality management; availability and terms of capital; changes in, or the failure to comply with, government regulations; ability to remain in compliance with, or obtain waivers under, the Company's loan agreements and indentures; the promulgation, application, and interpretation of environmental laws and regulations; future E&P capital expenditures; oil, gas, gas liquids, and power prices and demand; the amount and location of planned pipelines; poor refinery crack spreads; delay of planned refinery outages and upgrades; the effective tax rate of the different countries where the Company performs work; development trends of the oil, gas, power, refining and petrochemical industries and changes in the political and economic environment of the countries in which the Company has operations; as well as other risk factors described from time to time in the Company's documents and reports filed with the SEC. The Company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • CONTACT:
    Michael W. Collier
    Vice President Investor Relations Sales & Marketing
    Willbros
    713-403-8038

    Connie Dever
    Director Strategic Planning
    Willbros
    713-403-8035