Pentagon Extends 5-Company, $25 Million Green Energy Contract
The Department of Defense named five companies -- two private, three publicly traded -- to participate in a fourth option year extending an indefinite-quantity/indefinite-delivery, firm-fixed-price multiple award contract, and to split $25 million for their work. With this option, the underlying contract will now be worth $200 million, and will remain in force through February 2015.
The contract in question calls for the supply of renewable electrical power through power purchase agreements at Naval and Marine Corps installations in the Naval Facilities Engineering Command (NAVFAC) Southwest area of responsibility (AOR) -- California and Arizona, in particular. The contractors involved will bid on task orders to generate and sell power from renewable power systems that are constructed, owned, operated, and maintained by the contractor on Government property located within the installations to be supplied.
The companies named as winners of this contract include the following publicly traded companies:
- NRG Energy
- and SunEdison
Also included are privately held Solarstar California XV and SunDurance Energy, LLC.
The article Pentagon Extends 5-Company, $25 Million Green Energy Contract originally appeared on Fool.com.Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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