Construction of the project will commence in the second half of the year, with commercial operations targeted in the fourth quarter of 2022.
"Majority of the solar facility’s capacity will be contracted for retail electricity supply, which we hope can help bring more sustainable energy to homes and businesses in the country," Rubio added. The Cayanga facility is the second solar power project of AboitizPower. In 2016, the company inaugurated the 59-MW-peak solar power facility in San Carlos City, Negros Occidental. Source : https://www.pna.gov.ph/articles/1140927
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The plant is expected to be completed by March 2022. Its power will be sold to Philippines’ largest distributor Manila Electric for 20 years.
John Yeap of Pinsent Masons, the law firm behind Out-Law, said: “The Philippines national renewable energy target of achieving 55.8% of renewables by 2040, is one of the most ambitious in South East Asia. Solar will play an increasingly important role, and this project is indicative of the opportunities for such projects, not just for domestic players but regional companies pivoting towards renewables as part of their overall Environmental, Social, Governance (ESG) agendas.” Source : https://www.pinsentmasons.com/out-law/news/mitsui-plans-solar-plant-in-philippines-with-local-partner
Leviste also stressed the difficulty of securing land, permits, and interconnection for these solar projects, despite their very attractive economics. “It has taken our company six years to develop our sites and now the sites have gotten to this stage, we are hopeful that in 2021 we will open the floodgates for solar in the Philippines,” he stated. “Some of these projects use modules produced by our company but not all, given the volume of these requirements.”
Source : https://www.pv-magazine.com/2020/12/09/philippines-to-host-1-gw-of-solar-under-ppas/ |
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