When Fluor Corp., Irving, Texas, reports its quarterly earnings on Nov. 4, results will include a $163-million write-off because of unexpected complications in building the 504-MW Greater Gabbard wind farm off the coast of England. The loss on the $1.8-billion, fixed-price contract with Scottish and Southern Energy plc means the project will be unprofitable, says Avram Fisher, an analyst who follows Fluor for BMO Capital Markets. Fluor, which announced the write-off on Oct. 18, blames problems with weather, materials and equipment delivery as well as additional costs for marine vessels and some subcontractors. “One of the factors wouldn’t have been
Arch dams, classically curved monoliths situated in narrow valleys, are not as common as other types of dams, such as embankment dams and gravity dams. ENR takes a look at some of the biggest arch dams in the world, both completed and under construction.