DALLAS, Oct. 1, 2019 /PRNewswire/ -- Jacobs (NYSE:
JEC) has been appointed separately by transmission system
operators TenneT and TransnetBW to support the
planned SuedLink program which will deliver new underground cable
connection to transport wind power from northern Germany to Bavaria and Baden-Württemberg.
SuedLink will help to better integrate renewable sources, such as
wind and solar power, into Germany's electricity grid, and it will link
with interconnectors to provide cross-border energy
resilience.
SuedLink is a key component of Germany's power grid upgrade, which is
required to meet its target of 80% of energy from renewable sources
by 2050. The 700-kilometer underground cable line is being planned
and built by the transmission system operators TenneT and
TransnetBW, with an investment of approximately $11 billion (10 billion
euros). TenneT is responsible for the northern section of
the cable connection, TransnetBW for its southern part. Jacobs will
provide an integrated delivery partner approach to program and
contract management, planning and approvals, stakeholder
engagement, logistics, technical and other services on behalf of
TenneT and TransnetBW, respectively. SuedLink is the first major
project in Germany to use a
central service provider contract approach.
"The demand for smart, sustainable solutions across
environmental and resource resiliency challenges is one of the
biggest issues of our time and SuedLink is set to play a decisive
role in Germany's renewal
ambitions," says Jacobs Buildings and Infrastructure Europe Senior
Vice President and General Manager Donald
Morrison. "Jacobs has a strong track record of delivering
complex, one-of-a-kind programs such as the London 2012 Olympic and Paralympic Games,
Dubai Expo 2020 and the Panama Canal Expansion Program. We look
forward to supporting TenneT and TransnetBW to deliver this iconic
transformational program with sustainable, community-orientated
outcomes at its heart."
"SuedLink is the most important single project of the energy
system transformation in Germany
and also in Europe," said TenneT
Managing Director Tim Meyerjürgens.
"This is precisely why steering and coordination play a very
important role."
"By commissioning Jacobs and setting up a SuedLink site in
Würzburg, we have created ideal conditions for the successful
implementation of the world's largest underground cable project
central to transforming Germany's
energy system," said Managing Director of TransnetBW Dr. Werner
Götz.
Up to 250 employees in Würzburg will work closely together on
SuedLink - including engineers, archaeologists, landscape planners,
biologists, geologists, digital specialists and project
managers.
Beginning October 2019, TenneT,
TransnetBW and Jacobs will be working together at the new
SuedLink project site in Würzburg, starting with approximately 130
employees, with plans to grow to 250 as the project progresses.
Additional project offices will be added in Germany; this local engagement will be vital
as the project progresses its stakeholder communications, planning
and other activities in the region.
Jacobs leads the global professional services sector providing
solutions for a more connected, sustainable world. With
approximately $12 billion in revenue
and a talent force of more than 50,000, Jacobs provides a full
spectrum of services including scientific, technical, professional
and construction- and program-management for business, industrial,
commercial, government and infrastructure sectors. For more
information, visit www.jacobs.com, and connect with Jacobs on
LinkedIn, Twitter, Facebook and Instagram.
Certain statements contained in this press release constitute
forward-looking statements as such term is defined in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and such statements
are intended to be covered by the safe harbor provided by the same.
Statements made in this release that are not based on historical
fact are 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.
For a description of some additional factors that may occur that
could cause actual results to differ from our forward-looking
statements see our Annual Report on Form 10-K for the year ended
September 28, 2018, and in particular
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, and our Quarterly Report on Form 10-Q for the quarter
ended March 29, 2019, and in
particular the discussions contained under Part I, Item 2 -
Management's Discussion and Analysis of Financial Condition and
Results of Operations; Part II, Item 1 - Legal Proceedings; and
Part II, Item 1A - Risk Factors, 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:
Kerrie Sparks
214.583.8433
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SOURCE Jacobs