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Fluor Forms Renewable Energy Business Line
Focus on Global Solar, Wind and Biomass Power Generation Needs

IRVING, Texas--(BUSINESS WIRE)--May. 14, 2009-- Fluor Corporation (NYSE: FLR) announced today the formation of a dedicated business line within its Power Group to focus on global renewable energy needs specifically for clients in the solar, wind and biomass sectors. Fluor’s additional Power business line is a perfect complement to its existing nuclear, gas fueled, solid fueled and air quality control offerings.

The renewables business line is led by Brad Friesen, a Fluor executive with 32 years of experience and former head of the company’s gas fueled business line. Friesen reports directly to Dave Dunning, president of Fluor’s Power Group. The company will utilize its Irvine, Calif. and Asturias, Spain offices to address client needs around the world.

At the World Economic Forum earlier this year, the International Energy Agency urged world leaders to invest in energy efficiency and clean technologies to bolster economic recovery and achieve climate change policy objectives. Wind, solar and biomass power generation needs are among the fastest growing sectors of the new-build global energy market. For example, installed global solar capacity is expected to grow by 30 to 35 percent a year—from a total of 10 gigawatts today to 200 to 400 gigawatts by 2020, according to McKinsey & Company research.

“The global power market is changing rapidly as increased focus is placed on using renewable sources of energy to meet growing energy demand while reducing greenhouse gas emissions,” said Dave Dunning, president of Fluor’s Power Group. “By bringing all these renewable-related resources under a single offering, we will be able to provide a comprehensive range of solutions to clients in the solar, wind and biomass markets.”

“Fluor has designed and built renewable energy projects for more than 20 years and we will leverage that expertise for the benefit of our clients,” said Brad Friesen, vice president of Fluor’s renewables business line. “Our experience in the field is diverse and includes solar generation work as well as several geothermal and biomass projects throughout the world. Fluor is perfectly positioned to address the needs of our clients on a global basis.”

Fluor’s experience in the renewable sector has been ongoing over the last three decades and dates back to the mid-1980s when the company provided engineering, procurement and construction services for what was then the world’s largest photovoltaic power facility in Carrisa Plain, Calif. Today, Fluor is designing and building polysilicon production plants in China, Norway and the United States, a solar panel manufacturing plant in Singapore as well as leading the design and build efforts for the world’s largest offshore wind farm in the United Kingdom.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22.3 billion in 2008. For more information, visit www.fluor.com.

Source: Fluor Corporation

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