Benzinga | Dec 31, 2021 04:31PM EST

Primoris Services Corporation Secures Project Valued At Over $370M

Primoris Services Corporation (NASDAQ Global Select: PRIM) ("Primoris" or "Company") today announced a solar award with an estimated value of more than $370 million. The contract was secured by the Company's Energy/Renewables Segment.

"Our proven ability to execute best-in-class utility-scale solar projects continues to attract repeat business," said Tom McCormick, President and Chief Executive Officer of Primoris. "With this new contract, our solar project backlog now exceeds $1 billion as we move into 2022."

The award is for the engineering, procurement and construction of a utility-scale solar facility on the West Coast. Initial project construction will begin in the second quarter of 2022 with completion of the project expected in the fourth quarter of 2023.