Fort Pilar Energy, Inc. (FPEI), owned by the family of businessman-politician Michael “Mikee” Romero, is looking to expand the capacity of its Digos Solar Plant in Davao Del Sur to 40 megawatts (MW) from the current 28.59MW by the end of the year.
“Our expansion, hopefully, we can complete it in six to eight months. We are now in the process of looking for PV panels and selecting our EPC (engineering, procurement, and construction) contractor,” FPEI CEO Joseph Omar Castillo said during the Philippine Solar PV Energy Virtual Summit on Thursday.
FPEI acquired the Digos solar farm in September 2021 for Php1.5 billion.
Aside from expanding the Digos facility, FPEI is looking to expand its portfolio – particularly in Luzon and Visayas.
“We are, of course, looking at seeking new service contracts specifically in Luzon, targeting a capacity of 200 MW. We’re looking [at land] somewhere in Batangas right now,” Castillo said in the forum. The exact location in Batangas, however, was not specified.
The company has also been offered projects in the pre-development stage in the Visayas.
“If we trigger that acquisition, hopefully, we can increase our capacity by another 100MW by 2023,” Castillo added.
With these developments, FPEI is looking to add 300MW into its solar portfolio.
Last year, FPEI acquired the 650MW Malaya Thermal Power Plant in Pililla, Rizal after offering the highest bid of Php3.12 billion.
Power Philippines is the media partner of the Philippine Solar PV Energy Virtual Summit.