Solar and battery project will help the country's
need for more sustainable energy sources
DALLAS, Dec. 3, 2024
/PRNewswire/ -- Jacobs (NYSE: J) was selected by Terra Solar
Philippines Inc., a wholly owned subsidiary of SP New Energy
Corporation (SPNEC), to deliver engineering services, technical
advice and construction phase services, for a 3,500-megawatt solar
panel and 4,500-megawatt battery energy storage system (BESS). The
estimated $3.3 billion (PHP 200 billion) Terra
Solar project is poised to become one of the world's largest
solar farms and is expected to supply around 12% of the Philippines' total energy demand when
complete.
"The Philippines is highly
dependent on coal for electricity generation," said Jacobs Vice
President Fiachra Ó Cléirigh. "The Terra Solar project will
significantly reduce the country's reliance on coal, decrease
energy-related emissions and bolster progress toward a more
sustainable, secure and resilient energy system. Our work will help
scale innovation to make sustainable energy a reality faster and
for more people, across the country."
Jacobs will use advanced digital construction management tools
and drone technology to manage field tasks, streamline site
inspections and track progress across the 11.5 square mile (3,000
hectare) site located 93 miles (150 kilometers) north of
Manila. Additionally, Jacobs will
oversee supply chain and equipment delivery logistics, expediting
the manufacture, inspection, shipping and installation of millions
of solar panels.
"We are excited to be working with Jacobs in this ambitious and
pioneering project," said MGEN Renewable Energy Inc. President
Dennis B. Jordan. "Not only will
Terra Solar provide clean energy for
the Philippines, but it will also
change the whole dynamics of the energy industry. With the
combination of solar and battery technologies, we see that it will
be able to compete with conventional energy sources, and provide
not just a low emission energy source, but an economical one as
well."
MGEN Renewable Energy, Inc. (MGreen) is the renewable energy arm
of Meralco PowerGen (MGEN), which owns a controlling stake at
SPNEC.
Around the globe, Jacobs is working on energy projects that help
evolve energy systems, networks and infrastructure to form the
backbone of prosperous communities and economies now, and into the
future. For instance, in Europe,
projects include Suedlink, one of the largest underground power
cables in the world. In the U.S., Jacobs is serving as program
manager for the Alliance for Renewable Clean Hydrogen Energy
Systems (ARCHES), a public private partnership establishing a
statewide clean hydrogen hub in California. Jacobs is also working in
partnership with PA Consulting to deliver a comprehensive offshore
wind roadmap for the Louisiana Department of Energy and Natural
Resources to help determine the best path for harnessing the
state's offshore wind potential.
Jacobs is ranked No. 2 in Power, Solar Power and Wind Power by
Engineering News-Record in 2024.
At Jacobs, we're challenging today to reinvent tomorrow –
delivering outcomes and solutions for the world's most complex
challenges. With approximately $12
billion in annual revenue and a team of almost 45,000, we
provide end-to-end services in advanced manufacturing, cities &
places, energy, environmental, life sciences, transportation and
water. From advisory and consulting, feasibility, planning, design,
program and lifecycle management, we're creating a more connected
and sustainable world. See how at jacobs.com and connect with
us on LinkedIn, Instagram, X and Facebook.
Certain statements contained in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are statements that do not directly relate to any
historical or current fact. When used herein, words such as
"expects," "anticipates," "believes," "seeks," "estimates,"
"plans," "intends," "future," "will," "would," "could," "can,"
"may," and similar words are intended to identify forward-looking
statements. We base these forward-looking statements on
management's current estimates and expectations, as well as
currently available competitive, financial and economic data.
Forward-looking statements, however, are inherently uncertain.
There are a variety of factors that could cause business results to
differ materially from our forward-looking statements including,
but not limited to, uncertainties as to the impact of the recently
completed separation transaction pursuant to which we spun off and
merged our Critical Missions Solutions and Cyber & Intelligence
government services businesses with Amentum (together, "new
Amentum ") on Jacobs' and new Amentum's businesses, the timing of
the award of projects and funding and potential changes to the
amounts provided for under the Infrastructure Investment and Jobs
Act and other legislation related to governmental spending, as well
as general economic conditions, including inflation and the actions
taken by monetary authorities in response to inflation, changes in
interest rates and foreign currency exchange rates, changes in
capital markets, the possibility of a recession or economic
downturn, increased uncertainty and risks, including policy risks
and potential civil unrest, relating to the outcome of elections
across our key markets and elevated geopolitical tension and
conflicts, among others, and the impact of any future pandemic or
infectious disease outbreak, including the related reaction of
governments on global and regional market conditions, among others.
For a description of some additional factors that may occur that
could cause actual results to differ from our forward-looking
statements, see the discussions contained under Item 1 - Business;
Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 -
Management's Discussion and Analysis of Financial Condition and
Results of Operations in our most recently filed Annual Report on
Form 10-K, and Item 2 - Management's Discussion and Analysis of
Financial Condition and Results of Operations; Item 1 - Legal
Proceedings; and Item 1A - Risk Factors in our most recently filed
Quarterly Report on Form 10-Q, as well as the company's other
filings with the Securities and Exchange Commission. The company is
not under any duty to update any of the forward-looking statements
after the date of this press release to conform to actual results,
except as required by applicable law.
For press/media inquiries:
media@jacobs.com
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SOURCE Jacobs
