ACEN breaks ground on 300-MW solar project in the Philippines
Image by: MRC Allied (www.mrcallied.com).
ACEN Corporation (PSE:ACEN), the energy platform of Philippine conglomerate Ayala Group, will further expand its renewables portfolio with the construction of a 300-MW solar park in the Philippines’ Central Luzon region.
The company said in a bourse filing on Wednesday it will build the photovoltaic (PV) farm in proximity to its 63-MW Palauig 1 plant in Zambales province, which has been operational since April 2021. Palauig 2 will add more capacity to create a complex that will generate electricity for around 139,000 local homes.
The solar expansion project also comes with the construction of a 1.2-GW transmission line. The overall cost is estimated at PHP 16 billion (USD 293.2m/EUR 268.8m).
Palauig 2 will be equipped with Seraphim solar panels of 540 MWp each, expected to have an annual output of over 450 GWh. ERS Energy Pte Ltd and Global Electric Power Development Corporation (GEC) will act as engineering, procurement and construction (EPC) contractors.
“Palauig 2 Solar is the first of several new plants to commence with major construction works this year, and the need to sustain this accelerated pace towards the exponential growth of the renewables space is on top of our agenda,” said Jose Maria Zabaleta, chief development officer of ACEN.
Currently, ACEN has roughly 4 GW of attributable capacity in the Philippines, Vietnam, Indonesia, India and Australia. The group’s goal is to have 20 GW of renewables by 2030.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.