Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) stock gained by 1.23% at last close whereas the IEA stock price plunged by 5.69% in the after-hours trading session. Infrastructure and Energy is a major infrastructure building firm that specializes in renewable energy and specialty civil work.

IEA stock’ Recent Past Development

Infrastructure and Energy Alternatives today revealed that the Turkey Creek Solar Ranch in Garrard County, Kentucky, has been granted a 50-megawatt (MWAC) solar deal. The engineering, procurement, and construction (EPC) deal were granted to IEA Constructors which is a subsidiary of IEA by Nashville-based Silicon Ranch Corporation which is one of the state’s leading independent solar power producers. IEA Constructors executes utility-scale energy and huge civil infrastructure projects.

The Turkey Creek Solar Ranch is the very first utility-scale solar plant to get Kentucky Public Service Commission Siting Board approval. Silicon Ranch is investing heavily in Garrard County to support the Turkey Creek project and will own and manage the solar array for the foreseeable future, as is the company’s policy with every project it creates.

Construction is projected to start in December 2021 and end in November 2022. Silicon Ranch’s Regenerative Energy platform will use controlled sheep grazing and other regenerative pastureland management approaches to maintain the land housing the Turkey Creek Solar Ranch in agricultural production after construction.

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Garrard County is located on the outskirts of an economically disadvantaged region that is among the nation’s poorest ten percent of counties. All through the project’s life cycle, the Turkey Creek Solar Ranch will deliver massive financial benefits to the local community and neighboring region through the infusion of capital, essential tax revenues, new jobs, and other indirect and induced effects. The Turkey Creek Solar Ranch will also roughly treble the number of solar megawatts installed in Kentucky, according to the Solar Energy Industries Association.

IEA will employ roughly 250 craft artisans to complete the project for Silicon Ranch. The bulk of individuals hired will come from Garrard County and the neighboring area, as well as the military veteran community. The program will recruit for roles extending from entry-level to experienced, and IEA will give on-site coaching in tracker assembly, wire harnessing, and module installation to workers seeking utility-scale solar construction expertise.