Fluor Sells Stake in Seagreen Offshore Wind Farm
IRVING, Texas & FARNBOROUGH, England--(BUSINESS WIRE)--Sep 25, 2018--Fluor Corporation (NYSE: FLR) announced today that having successfully completed the development phase of the first phase of the Seagreen Offshore Wind Farm, it has sold its 50 percent stake to SSE Renewables, a division of Scottish energy company SSE.
Fluor was an equal owner with SSE Renewables of Seagreen Wind Energy Limited, which holds exclusive rights to develop the offshore wind development zone located about 16 miles off the Angus coast of Scotland. Seagreen has the potential to generate 2.8 gigawatts of energy.
A portion of the proceeds of this sale was assumed in the original earnings-per-share guidance that Fluor issued on Aug. 2, 2018.
About Fluor Corporation
Founded in 1912, Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that transforms the world by building prosperity and empowering progress. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. With headquarters in Irving, Texas, Fluor ranks 153 on the Fortune 500 list with revenue of $19.5 billion in 2017 and has more than 56,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube.
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CONTACT: Fluor Corporation
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SOURCE: Fluor Corporation
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PUB: 09/25/2018 06:52 AM/DISC: 09/25/2018 06:52 AM