PriceSensitive

Boom Logistics (ASX:BOL) wins wind farm contract

Industrial
ASX:BOL      MCAP $58.96M
18 March 2021 15:10 (AEDT)
BOOM Logistics (ASX:BOL) - Outgoing CEO and Managing Director, Tony Spassopoulos

Source: Boom Logistics

Boom Logistics (BOL) has won a new project with GE Renewables to provide lifting services for the construction of the Bango wind farm.

The project is located in the Southern Tablelands region of New South Wales and is expected to include the installation of up to 38 towers.

Commencing this month, Boom will deploy a fleet of 12 cranes, including three 750-tonne-capacity cranes, and a team of 40 crew and specialist technicians.

When complete, the Bango wind farm will generate around 240 megawatts, meaning it could power up to 100,000 homes.

“We are proud to work with GE and continue to build on our service delivery model. We have an experienced team mobilising to site, with the priority on safety first, focused on customer service and project delivery,” CEO and Managing Director Tony Spassopoulos said.

“We continue to expand our wind farm projects business and demonstrate our
capability as the leading Australian lifting solutions provider in this market segment,” he added.

According to figures provided by Boom, more than 1800 wind farm towers are earmarked for installation in Australia over the next three years.

On the market this afternoon, Boom is in the grey and trading at 15 cents per share at 2:37 pm AEDT.

Related News