Solar Philippines is looking to convert 3000 hectares of land in Nueva Ecija and Bulacan for its solar projects after securing off-take agreements for its projects in 2022.
“Land underpins an entire project, and our landbank in Nueva Ecija and Bulacan in particular is unique, in terms of its scale and proximity to Manila,” Solar Philippines founder Leandro Leviste said in a statement.
SP New Energy Corporation (SPNEC) said that documentation is now being processed to finalize its acquisitions, concurrently with the submission of the previously fully secured lands for conversion to industrial use.
SPNEC aims to prepare over 3,000 hectares of land for conversion by the end of the first quarter and convert for industrial use by the last quarter of the year.
The contract covers 850 MW of mid-merit power generated from a projected 3.5 GW solar farm and 4.5 GWh battery facility. Solar Philippines claims that this may also demand land from their holdings in Bulacan and Nueva Ecija.
Upon finishing SPNEC’s landbank in Nueva Ecija and Bulacan, it will become one of the biggest industrial ventures in the Philippines and bigger than all of the country’s solar projects put together, the company said.
