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 (NYSE: NRG  )
  • Chevron (NYSE: CVX  )
  • and SunEdison (NYSE: SUNE  )

Also included are privately held Solarstar California XV and SunDurance Energy, LLC.

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Rich Smith

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9/2/2015 12:47 PM
CVX $77.88 Down -0.31 -0.40%
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NRG Energy, Inc. CAPS Rating: ***
SUNE $10.62 Down -0.14 -1.30%
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