US Army Corps of Engineers, Engineering and Support Center has selected clean energy producer ECC Renewables for its $7bn contract to develop geothermal projects.
The company is one among the five developers selected under Unrestricted Indefinite Delivery, Indefinite Quantity Multiple Award Task Order Contract (MATOC).
Under this 10-year contract, ECC will secure, develop, finance, and operate geothermal energy projects on Department of Defense installations located throughout the US. The company will own the projects.
All the projects under the contract will be allotted 20-year power purchase agreement through private sector finance.
Commenting on the developments, ECC board chairman Paul Sabharwal said the company is the right fit for the geothermal projects.
"We have the right mix of development, financing, engineering, and construction resources, capabilities, and experience, combined with the passion, leadership, and trusted partnering approach needed to succeed," added Sabharwal.
"We see an increase in demands and Congressional mandates placed on Federal agencies and all branches of the US Military to implement renewable and alternative energy solutions for the future."