Argan unit receives full notice to proceed for 112 MW solar + 16 MWh storage projects

ARGAN INC

Gemma Power Systems, a wholly owned Argan subsidiary, obtained full NTP on January 5, 2024.
Two projects will deliver 112 MW of electrical power and 16 MWh of energy storage.
Early engineering and major equipment procurement previously commenced under limited NTP.
Full NTP authorizes Gemma to execute engineering, procurement, and construction services.

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