Solar Philippines building over 1GW of projects in 2021

solar philippines project

Solar Philippines said it is on its way to constructing over one gigawatt (GW) of solar projects in 2021 in Nueva Ecija, Tarlac, Cavite, and Batangas.

Data from the Department of Energy (DOE) reveal that the company’s projects would include the Philippines’ three largest solar projects to date. These would nearly double the country’s total installed solar capacity as of 2020, which is equivalent to the power demand of around ten million Filipinos.

Solar Philippines expects these projects to become the largest single portfolio of solar projects in Southeast Asia by 2022. In addition, the projects’ constructions are expected to create 20,000 jobs.

While the COVID-19 pandemic slowed down approval of permits this year, the company said it expects a renewable energy (RE) projects to help drive the economy next year with the DOE’s moratorium on the building of new coal-fired power plants in the country.

Solar Philippines has already tapped partners to operate its existing solar farms in Concepcion, Tarlac and Calatagan, Batangas. The company also will tap other partners for its other expansion projects.

The company has focused on forging partnerships in recent years. In 2018, it partnered with the Korea Electric Power Corporation (KEPCO) for its 63-megawatt (MW) solar farm in Batangas. This is KEPCO’s first RE project in Southeast Asia.

In June, Solar Philippines partnered with the Razon Group’s Prime Infra to develop a pipeline of projects, including the Tarlac solar farm, the country’s largest solar project.

The company recently appointed American power industry veteran Marty Crotty as its new chief executive officer ahead of a planned initial public offering.

 

Photo from Solar Philippines website.

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