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.
J shares ditched $1.17 to $138.70.
