Targeting 10 gigawatts of renewable energy contracts, Leandro Laviste’s Solar PH is on its way to meeting the goal as the company manages to close on a 6-GW deal with the government.

Per the Philippine Stocks Exchange (PSE), on Tuesday, Solar PH auxiliary Solar Philippines Nueva Ecija Corp. (SPNEC) claimed that they had managed to secure 70 percent or 1,380 megawatts out of 1,967 MW of the renewable capacity that was in an offer by the Department of Energy (DOE) via the Green Auction Program (GEAP).

In the entire agreement, 91 percent comprise solar, tantamount to 1,350 MW out of 1,490 MW.

The first of its kind in the country, the GEAP had been a host to multiple contracts that cover 2,000 MW of renewable capacity.

In meeting its part of the deal, Solar PH will render the promised energy from the following resources: 200-MW Solar Farm in General Santos City; 400-MW Solar Farm in Leyte; 800-MW Solar Farm in Quezon; 400-MW Solar Farm in Tarlac-2; and 500-MW solar project by SPNEC.



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