VivoPower International Announces Contract to Complete Electrical Works for 39 MWdc Molong Solar Farm

- July 2nd, 2020

VivoPower International is pleased to announce that its wholly owned subsidiary in Australia, J.A. Martin Electrical, has recently been awarded a contract to complete all electrical works for the 39 MWdc Molong solar farm.

VivoPower International PLC (Nasdaq: VVPR) (“VivoPower”), an international solar and critical power services company, is pleased to announce that its wholly-owned subsidiary in Australia, J.A. Martin Electrical Pty Limited (“J.A. Martin”) has recently been awarded a contract to complete all electrical works for the 39 MWdc Molong Solar Farm. Located 40 kilometres northwest of the town of Orange in New South Wales, the project will be the second Australian solar farm completed by J.A. Martin in partnership with lead contractor Grupo Gransolar (“GRS”). The Molong project brings J.A. Martin’s total of completed and contracted solar farms to over 150 MWdc, a milestone reached within 3 years of commencing solar operations.

Expected to be energised later this year, the Molong Solar Farm will generate enough clean energy to power nearly 11,000 homes and avoid over 53,000 tonnes of CO2 per year. Construction of the facility will create about 160 local jobs.

Phil Lowbridge, General Manager of J.A. Martin, said, “J.A. Martin is very pleased to have been awarded this contract for the Molong Solar Farm. We look forward to working once again with GRS to deliver another world-class solar farm, and to support infrastructure growth and economic recovery in regional New South Wales.”

About VivoPower

VivoPower is an international solar and critical power services company, providing critical energy infrastructure generation and distribution solutions to a diverse range of commercial and industrial customers, including the development, construction, and sale of photovoltaic solar projects.

About J.A. Martin

J.A. Martin is a wholly-owned subsidiary of VivoPower in Australia. Founded in 1968, J.A. Martin specialises in delivering industrial electrical engineering and power services, including solar engineering design, procurement and construction (EPC).

About Grupo Gransolar

Grupo Gransolar is a company specialized in the construction of photovoltaic plants and their connection to the grid, with a great international projection and operating in the five continents. With more than 14 years of experience and 97 plants operating worldwide, our services and solutions guarantee the viability of any installation. Recently, we have reached 2GW of installed power with projects as relevant as one of the largest photovoltaic plants in the world, built in the Middle East and North Africa region; two of the largest solar plants in South Africa; the largest solar park in Panama in operation; or one of the largest plants built in Australia. Our business strategy, which consists of developing, building and operating small and large-scale projects, adapting ourselves to the needs, has allowed us to reach an optimum level of excellence to continue growing as one of the leading EPC contractors at an international level.

Forward-Looking Statements

This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.

Contact

Investor Relations
shareholders@vivopower.com
GlobeNewswire
July 2, 2020 – 6:30 AM PDT
News by QuoteMedia

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