Emerson Inverter
Financials
EMR
NYSE
53.18
-0.35 (-0.65%)
4:00PM EDT
Wind Turbine & Energy Cables (WTEC), an electrical subcontractor for Renewable Energy Systems Americas (RES Americas), chose Emerson to supply utility-scale power inverters for its 30MW solar power plant in Webberville, Texas. No financial details were released pertaining to the contract between WTEC and Emerson.
“Emerson’s innovative inverter technology and its leadership in the solar energy market made the company an obvious choice for us as a partner,” said Brian Singh, CEO of WTEC. “Emerson’s strong financial stability and dependable, long-term warranty service capabilities also were attractive to us. It is a tribute to the progress in solar design and technology that enables WTEC, together with Emerson, to be involved at the forefront of successful alternative energy programs.”
The Webberville solar project is anticipated to be in operation by the end of this year and provide solar electricity for 5,000 homes. Financed, developed and owned by Fotowatio Renewable Ventures, the solar installation will be operated and maintained by RES Americas, the EPC contractor, for five years after its completion. The 30MW solar project has a 25-year long-term PPA with Austin Energy for the electricity it generates.
