Amid an anticipated completion in three years, Solar Philippines is already offering to contract its developing 10-gigawatt solar farm projects among potential off-takers.
Per The Philippine Star, Solar Philippines Nueva Ecija Corporation claims that its offers are currently awaiting the approval of both off-takers as well as regulators.
Expected to be completed by 2025, SPNEC aims to fix the country’s probable energy shortage.
According to government data, the country’s grid-connected solar capacity is rated at 1,127.3 megawatts (MW) as of December 2021, which will only be significantly increased once Solar Philippines’ solar farms become operational.
- AC Energy is building the largest wind farm in the Philippines
- Philippines will be the home of the world’s largest solar power facility
If green lighted, the projects in question will see a potential generation of nine terawatt-hours (TWh) per year of chartered energy.
Truly a gamechanger in the Philippine landscape, the development of one of its projects is also shaping up to be world-class for being the largest there is, to date—the Terra Solar Philippines Inc., which is backed by Philippine billionaire Enrique Razon via a joint venture with his company, Prime Infrastructure Holdings Inc.