Daily Newsletter

15 November 2023

Daily Newsletter

15 November 2023

McCarthy begins work on four solar projects in Southwestern US

The country is set to add 63GW of PV energy to its renewable energy portfolio by the end of 2024.

November 14 2023

American construction company McCarthy Building has commenced construction on four new large-scale solar projects in Southwestern US.

McCarthy is aiming for national Inflation Reduction Act (IRA) compliance throughout the building process.

Once complete and fully commissioned, the projects will supply communities in Arizona and Texas with more than 1GW of renewable energy.

Currently, the projects are in various phases of construction.

Over 800 new solar construction jobs are being created through these initiatives, with more than 200 set to be equipment and electrical apprenticeships that are intended to train new workers in the expanding solar sector.

McCarthy’s four solar projects include a 260MW DC solar project in Milam County, Texas, which began in June this year and is expected to be completed in December next year.

Another MW DC solar project in Arlington, Arizona, which incorporates a 300MW battery energy storage system, is projected to be completed in mid-2025.

Furthermore, a 260MW DC solar project in Pearsall, Texas, is scheduled to be completed in June 2024.

The fourth and final 217MW DC solar project in Marana, Arizona, features a 213MW battery energy storage system. It is scheduled to be finished in March 2025.

According to the US Energy Information Administration, the country is set to add 63GW of photovoltaic (PV) power by the end of next year.

McCarthy Renewable Energy executive vice-president Scott Canada said: “With utility-scale solar construction jobs on the rise around the nation, we are continually working to help local skilled craft workers, veterans and those displaced from jobs in other sectors to join our solar project teams and receive the training needed to develop rewarding careers in the growing renewable energy sector.

“Now with the IRA, there are federal incentives in place to further support apprenticeship programmes that create even more good-paying jobs and expand workforce training pathways into these careers.”

Saudi Arabia construction market dynamics

Per GlobalData, between 2024 and 2027, the Saudi Arabian construction industry is projected to register an AAGR of 5% in real terms, supported by investments in various sectors such as data centers, logistics zones, renewable energy, housing, and tourism projects as part of the Kingdom’s ‘Vision 2030’ economic diversification plan. Construction activity in the energy and utilities sector is estimated to grow at an AAGR of 5.6%, supported by the government’s aim to increase the renewable energy capacity and achieving zero net carbon emissions by 2060.

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