Orbital Solar Services, a leading company in utility-scale solar services, announced that it has entered into a joint venture agreement with Jingoli Power LLC this Tuesday. The agreement will give both companies greater capabilities to scale their business.
Firstly, Orbital Solar Services is a wholly-owned subsidiary of Orbital Energy Group, a diversified energy services platform that offers engineering, construction, and maintenance services; engineering, procurement, and construction; and other services for renewable energy assets and telecommunications.
Jingoli, on the other hand, is a professional services provider for complex electric utility construction projects; and a subsidiary of Joseph Jingoli and Son, Inc. The company has up to 15 years of leadership in the power industry.
As a result, the joint venture agreement will bring around $2 billion in bonding capacity; also, expanded capabilities, and resources for both companies to take on bigger projects. Consequently, both partners will solidify their experiences and will expand their offerings and abilities.
About the matter, Jim O’Neil, Orbital Energy Group’s CEO, said. “This JVA will bring an innovative approach to the engineering, procurement, and construction of renewable projects, resulting in value creation to our customers.”
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Orbital Solar Service and Jingoli to grow and compete better in EPC arena
He also remarked. “Jingoli is a proven, respected service provider to the electric power industry in existence for nearly 100 years.”
On the other hand, Jingoli CEO Karl Miller, commented. “This joint venture agreement is a natural fit combining Orbital’s leadership in the solar industry and Jingoli’s vast experience in electric utility interconnections.”
He further commented. “As extreme weather events continue to stress the nation’s aging energy infrastructure, our team is optimally positioned to deliver on the growing demand for competitive and reliable solar development. Together, we’ll help to build the grid of the future.”
Finally, Mike Janda, Orbital Solar Services president, remarked that the joint venture agreement would give his company more resources and greater capacity to compete in the EPC arena. “Will give us increased technical expertise and access to established markets and distribution channels.”
