Prime Infra plans 3.5 GW Philippine solar-plus-storage project
Solar panels by iamme ubeyou.
June 8 (Renewables Now) - Prime Infrastructure Holdings Inc, an infrastructure company led by Filipino billionaire Enrique K Razon Jr, plans to develop a solar-plus-storage project in the Philippines with a power generating capacity of 2,500 MW to 3,500 MW.
The project will be executed by Terra Solar Philippines, a unit of Terra Renewables Holdings Inc, which, in turn, is a subsidiary of Prime Infra and Solar Philippines Power Project Holdings Inc.
The facility will benefit from a battery energy storage system (BESS) with a capacity of between 4,000 MWh and 4,500 MWh. Prime Infra referred to it as the world’s largest solar-power-plus-storage project.
The solar park has already secured a 20-year contract to supply power from an 850-MW portion to domestic utility Manila Electric Company, also known as Meralco, Prime Infra said today. The electricity retailer is expected to start receiving power from 650 MW of capacity by 2026 and Terra Solar will aim to complete the project in 2027.
At full scale, the plant will be able to eliminate an annual consumption of 1.4 million tonnes of coal or 930,000 litres of oil, according to estimates by the developer.