In a strategic move to strengthen the Philippines’ energy security, SMC Global Power Holdings Corp. (SMGP) is embarking on a large-scale expansion that includes the development of 2,400 megawatt-peak (MWp) in solar power projects, the introduction of small-scale liquefied natural gas (LNG) units, and the rollout of a 1,000 megawatt-hour (MWh) battery energy storage system (BESS) expansion.
As part of its diversified energy investment strategy, the company is also progressing with the Masinloc Power Plant expansion, which will add 700 MW of coal capacity by 2026, reinforcing its position as one of the leading power developers in the country.
SMGP, through its wholly owned subsidiary, SMC Global Light and Power Corp. (SGLPC), is actively developing a solar power portfolio in collaboration with potential partners. The company has outlined a two-phase rollout, with the first phase targeting 1,300 MWp across various sites in Luzon, including Bataan, Bulacan, and Isabela, scheduled for completion by 2028. The second phase, adding an additional 1,100 MWp, will be deployed in Pagbilao, Bohol, and Mindanao, with operations expected by 2039.
To ensure optimal performance, these solar projects will be located in areas with moderate to high photovoltaic potential, utilizing solar panels from Trina Solar Co. Ltd. and LONGi Green Energy Technology Co. Ltd., with inverters supplied by ABB and Sungrow Renewable Energy Investment Pte. Ltd.
As part of its commitment to improving access to reliable energy in underserved areas, SMGP is also evaluating the development of small-scale LNG units in Mindanao, with capacities ranging from 50 MW to 100 MW. These projects aim to enhance rural electrification and provide alternative energy solutions to areas that lack consistent access to the national grid.
SMGP has stated that the timing of these LNG investments will depend on market conditions, national energy demand, and the overall economic landscape, ensuring that its projects align with both commercial viability and national energy needs.
While SMGP is aggressively expanding its renewable and alternative energy portfolio, it is also investing in conventional energy sources to meet the country’s growing power demand. Through Masinloc Power Co. Ltd., the company is expanding its Masinloc Power Plant, adding two new units (Units 4 and 5) with a combined installed capacity of 700 MW.
The new units will utilize supercritical pulverized coal technology, which offers higher efficiency and lower emissions compared to traditional coal plants. The engineering, procurement, and construction (EPC) contracts have already been signed, with the completion of the project expected between 2025 and 2026.
SMGP, through its subsidiaries SMGP BESS Power Inc. (formerly Universal Power Solutions Inc.), MPCL, and SMGP Kabankalan, is also expanding its battery energy storage system (BESS) portfolio. The company is currently developing 1,000 MWh in new BESS projects, with 630 MWh across 18 sites already achieving substantial completion as of September 2024.
“We have entered into EPC contracts with ATE Energy and we target to complete our 320 MWh BESS project in Mariveles in 2025,” the company added.
SMGP’s multi-faceted energy expansion strategy reflects its commitment to balancing sustainability, energy security, and economic growth. By investing in solar, LNG, coal, and battery storage technologies, the company aims to diversify the country’s energy mix while ensuring a stable and reliable power supply for consumers.
What are your thoughts on SMGP’s approach to energy expansion? Should the Philippines continue to invest in both renewable and conventional power sources to maintain energy security? Share your insights in the comments below and follow Power Philippines for the latest updates on energy investments and sustainability!
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