14 May 2008 11:05 GMT
Fluor Signs $1.8 Billion Pact To Build Wind Farm
DOW JONES NEWSWIRES
Fluor Corp. (FLR) signed a contract with Scottish & Southern Energy PLC (SSE.LN) to design and construct the Greater Gabbard Offshore Wind Farm.
The contract is worth about $1.8 billion and will be booked in the second quarter.
Construction on the farm will begin in 2009 and finish in 2011.
Fluor also sold its 50% stake in Greater Gabbard Offshore Winds Ltd. to Scottish & Southern Energy for about $80 million.