Page 28 - Q4_2020_Rosendin_Newsletter
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A RECORD YEAR
FOR RENEWABLES
By: David Lincoln, Senior Vice President
ROSENDIN'S RENEWABLES GROUP HAS ACHIEVED ANOTHER RECORD
YEAR FOR REVENUE PERFORMANCE, POSTING NEARLY $565M FOR
2020. MOREOVER, OUR BACKLOG AND MULTIPLE YEAR PIPELINES PUT
US ON A PACE TO DELIVER REVENUES BETWEEN $750M AND $1B YEAR
OVER YEAR FOR 2021 THROUGH 2023.
While this performance tracks in general with the a highly diversified client base. We recently broke
revitalized and dynamic growth of utility-scale ground on two of the largest solar projects in the
renewable energy markets, particularly solar, the country: a 630 MW ($320M) project outside of Palm
REG's recent and future successes are really attributed Springs, California, and a 640MW ($264M) project
to well-planned strategic business over these past outside of Houston, Texas. We now have an additional
few years and market expansion planning efforts REG operating division based out of Maryland, which
we kicked off in 2018. As the renewables industry has facilitated projects' awards in Ohio, Pennsylvania,
re-trenched after posting a banner 2016 driven by North Carolina, New York, Delaware, New Jersey,
expiring incentives, our team didn't chase smaller Connecticut, and Maryland.
margin/higher risk projects to capture share in a
then contracting market. Instead, we took the time Given the long term sustainable growth of this
to step back and analyze all aspects of our business, industry and the REG's recent success in capturing
including product mix, means & methods, supply market share, renewables have become the key
chain management, and best in class engineering contributor to Rosendin's overall strategic plan of
optimization standards. We also performed (and developing diversity across other divisions. When
continue to do so) the necessary industry market you look at where growth will be occurring for not
research and analysis to clearly understand when and just utility-scale solar, but new wind projects, battery
where future growth markets would occur. storage, and micro-grids as well over the next 5 years,
it will require significant internal pre-construction and
All of this work has paid off with significant projects' operations support across the country to meet the
awards for Rosendin in multiple growth markets across needs of this exciting market for the company.
Solar Array in Arizona
28 The Feeder | Issue 4, 2020
