ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Stantec selected by Pattern Energy to serve as Owner’s Engineer for the SunZia Transmission Project

EDMONTON, Alberta and NEW YORK and PHOENIX, July 26, 2023 (GLOBE NEWSWIRE) -- TSX, NYSE: STN

Stantec, a global leader in sustainable design and engineering, has been selected by Pattern Energy Group LP (Pattern Energy) to serve as Owner’s Engineer (OE) for the SunZia Transmission Project. The project is part of the largest clean energy infrastructure initiative in US history and, once complete, will provide the capacity to deliver 3,000 megawatts (MW) of clean renewable energy to communities in Arizona and California—enough to supply a population of 3 million people.

The SunZia Transmission Project is enabling Pattern Energy to develop up to 3,500 MW of wind power in New Mexico and then transport that clean energy to communities in the southwest US. The project includes the development of a 3,000-MW capacity, 525-kilovolt (kV) high voltage direct current (HVDC) transmission system with overhead lines traversing across approximately 550 miles of federal, state, and private lands between central New Mexico and central Arizona. The project is another critical step forward in the transition towards clean energy. It includes a number of groundbreaking technological developments in HVDC transmission, such as power and voltage ratings for voltage source converters and overhead lines, as well as the application of alternating current (AC) choppers.

“Stantec is proud to partner with Pattern Energy on the SunZia Transmission Project, an initiative that will deliver abundant renewable energy to communities throughout the southwest region,” says Mario Finis, executive vice president of Energy & Resources at Stantec. “The energy transition will require a significant investment in our grid infrastructure, and the SunZia project represents the type of planning and investment needed for the US to fully integrate renewable energy onto the grid.”

Stantec will provide specialist HVDC Owner’s Engineer services for the SunZia Transmission Project, which includes electrical, civil, structural, building, and mechanical engineering services associated with the HVDC converter stations and AC choppers. The scope of the project includes performing design reviews, interface management, witnessing factory acceptance tests for major equipment, and commissioning assistance. Stantec has also been retained to provide OE services associated with the HVDC transmission line and review of protection design of wind plants and collector network in New Mexico.

“SunZia is one of America’s most ambitious renewable energy infrastructure projects and having Stantec provide their industry leading HVDC experience as our Owner’s Engineer is critical to our success. We are proud to have them as a partner on SunZia,” says Derek Price, vice president of Engineering, Procurement and Construction Group at Pattern Energy.

Stantec has more than 55 years of experience on HVDC transmission projects around the globe. The power delivery team has provided engineering services representing over 100,000 MW of the world’s planned or installed capacity of HVDC. The team is currently providing specialist services for more than a dozen major HVDC projects globally, including the EuroAsia Interconnector, a proposed HVDC multi-terminal link between Crete, Cyprus, and Israel.

About Stantec

Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That's why at Stantec, we always design with community in mind.

We care about the communities we serve—because they're our communities too. This allows us to assess what's needed and connect our expertise, to appreciate nuances and envision what's never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.

We're designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.

Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at stantec.com or find us on social media.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements regarding the project described above. Forward-looking statements also include any other statements that do not refer to historical facts. By their nature, forward-looking statements are based on assumptions and subject to inherent risks and uncertainties. There is a risk that the project described above may be delayed, cancelled, suspended, or terminated. This could cause future results to differ materially from the forward-looking statements made in this news release. Except as may be required by law, Stantec undertakes no obligation to publicly update or revise any forward-looking statements. Forward‑looking statements are provided herein for the purpose of giving information about the project referred to above and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes.

Media Contact
Ashley Warnock
Stantec Media Relations
Ph: (403) 472-0122
ashley.warnock@Stantec.com
Investor Contact
Jess Nieukerk
Stantec Investor Relations
Ph: (587) 579-2086
ir@stantec.com
  

Design with community in mind


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.