GlobeNewswire Inc | Mar 2, 2021 09:15AM EST

March 02, 2021

INDIANAPOLIS, Ind., March 02, 2021 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (IEA or the Company), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced that the Company has been awarded the Jayhawk Wind Farm contract valued at approximately $70 million. Apex Clean Energy, which develops, constructs, and operates utility-scale wind and solar power facilities across North America, awarded this project to IEA Constructors, a subsidiary of IEA that manages utility-scale renewable energy and heavy civil infrastructure projects.

The award is for the construction of a utility-scale wind farm in Bourbon and Crawford counties in Southeast Kansas with capacity to inject 190 megawatts (MW) of electricity into the regional grid. Work on the Jayhawk Wind Farm began in February and is expected to be completed in late 2021. Apex will manage construction of the project, and IEA will self-perform all of the engineering, procurement and construction needs of the project, including the construction of project roads, the improvement of existing public roads near the construction site, the installation of collection systems, foundations and substations and the erection of 70 GE wind turbine generators.

Kansas is an ideal place for wind construction. According to the American Clean Power Association, the state ranks fifth in the nation for wind power capacity and second for wind energy as a share of total electricity generation, with over 6,500 MW of operating capacity today and 43% of electricity from wind power.

Wind energy is an essential part of Kansas electricity generation, and IEA is excited to partner with Apex Clean Energy to continue the states transition to a carbon-neutral footprint, said Chris Hanson, IEAs Executive Vice President of Renewable Energy. The project site for the Jayhawk Wind Farm is ideal. With high-voltage power lines already in place and accessible highways that will reduce the projects need for new infrastructure, IEA will be able to minimize the constructions environmental impact. In addition to contributing to the states goal of carbon neutrality, we are pleased to be able to bring continued employment to the state of Kansas and support local merchants, equipment suppliers and more by reducing their need to import clean electricity from other states.

We are thrilled to partner with industry leader IEA to make Jayhawk Wind Apexs second project in Kansas a reality, said Ken Young, Chief Operating Officer of Apex Clean Energy. During construction, the Jayhawk Wind project will generate significant local spending and create hundreds of local jobs. We look forward to creating, with IEA, an entirely new source of long-term revenue for the Sunflower State and Bourbon and Crawford counties for decades to come.

To date, IEA has constructed more than 20 gigawatts of renewable energy projects across North America. IEA was ranked #2 for wind construction amongst Engineering News-Records 2020 Top 400 Contractors. For more information on IEAs ENR rankings please visit enr.com.

About IEA

Infrastructure and Energy Alternatives, Inc. is a leading infrastructure construction company with renewable energy and specialty civil expertise. Headquartered in Indianapolis, Indiana, with operations throughout the country, IEAs 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 the larger providers in the renewable energy industry and has completed more than 240 utility scale 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 IEAs website at www.iea.net or follow IEA on Facebook, LinkedIn and Twitter for the latest company news and events.

About Apex Clean Energy

Apex Clean Energy develops, constructs, and operates utility-scale wind and solar power facilities across North America. Our mission-driven team of more than 200 renewable energy experts uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the worlds most innovative and forward-thinking customers. For more information on how Apex is leading the transition to a clean energy future, visit apexcleanenergy.comor follow us onFacebook,Twitter, andLinkedIn.

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 IEAs periodic filings with the Securities & Exchange Commission including those described as Risk Factors in IEAs annual report on Form 10-K filed on March 12, 2020 and in the quarterly reports on Form 10-Q filed thereafter. 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.

Contact:

Kimberly EsterkinADDO Investor Relationsiea@addoir.com310-829-5400