Jacobs Wins Roles on Major New Wind Farm Project in Australia
Jacobs Engineering Group Inc. (NYSE:JEC) has been appointed by the Powering Australian Renewables Fund (PARF), to carry out the project management and owners engineers’ roles for a proposed 200 Megawatt wind farm in Western New South Wales, Australia.
The AUD$450 million (US$356 million) Silverton Wind Farm will produce approximately 780,000 Megawatt hours of renewable energy annually, enough to power more than 137,000 average Australian homes. The energy produced from the wind farm’s 58 turbines is predicted to reduce CO2 emissions by 655,000 tons annually, which is the equivalent of taking 192,000 cars off the road each year.
PARF is a partnership created by Australian energy company AGL Energy Limited (AGL) to develop, own and manage approximately 1,000 Megawatts of large-scale renewable energy infrastructure assets and projects. The PARF’s equity partners include AGL and QIC, on behalf of its clients the Future Fund and those invested in the QIC Global Infrastructure Fund. The Future Fund is a sovereign wealth fund which aims to invest in projects that benefit future generations of Australians.
“Jacobs has a proven history in successfully delivering all types of renewable power generation projects,” said Jacobs Senior Vice President Patrick Hill. “In wind, we have completed hundreds of projects globally and we have an extensive history in this market in Australia, especially working with AGL.
“This project builds on the support we have provided AGL in the renewables market, delivering two of Australia’s largest solar power plants at Nyngan and Broken Hill. Jacobs will provide leading edge project management capabilities combined with our engineering skills to help AGL deliver this landmark project,” added Hill.
Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com.
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 of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our Form 10-K for the year ended September 30, 2016, and in particular the discussions contained under Items 1 – Business, 1A – Risk Factors, 3 – Legal Proceedings, and 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
