Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTJacobs gets on board Germany's SuedLink power line project
Wind farm in Germany. Author: Jason. License: Creative Commons. Attribution-NoDerivs 2.0 Generic
October 4 (Renewables Now) - US construction service company Jacobs Engineering Group Inc (NYSE:JEC) has been hired to provide wide-ranging support to the SuedLink power line project to install a north-south underground cable connection to transport wind power across Germany.
The project planners, transmission system operators (TSOs) TenneT Holding BV and TransnetBW GmbH, have separately appointed Jacobs to act as the central service provider on their behalf, the US company announced this week. Jacobs’ scope of services will cover programme and contract management, planning and approvals, stakeholder engagement and logistics, among other activities.
The SuedLink project comprises the construction of a 700-kilometre underground cable line that will carry wind power from northern Germany to the southern states of Bavaria and Baden-Wuerttemberg. The two TSOs have split the work so that TenneT will be in charge of the northern section, while TransnetBW will take the southern part of the cable connection.
Still in the approval stage, the SuedLink project will require an investment of around EUR 10 billion (USD 11bn).
(EUR 1.0 = USD 1.10)
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