October 13 (Renewables Now) - The Philippine Department of Energy (DOE) has awarded an energy service contract to Sunray Power Inc for a 100-MW solar scheme.
The project developer, 75%-owned by property developer MRC Allied Inc’s unit Menlo Renewable Energy Corp, can now explore, develop and use the solar resources at the selected site for 25 years. According to MRC Allied’s statement on Tuesday, the proposed solar park will be constructed at Clark Green City in the municipality of Bamban, Tarlac province.
Sunray Power will develop the project in partnership with the Bases Conversion Development Authority (BCDA), the statutory body mandated to develop and maintain the under-development Clark Green City.
In a deal marking the acquisition of its first operating solar park, MRC Allied in September purchased a 15% stake in a 50-MW solar park in Palo, Leyte province. The property developer has approved a shift of its focus to become a 100% energy company and aims to add at least 1,000 MW of renewables capacity by 2022.
(PHP 10 = USD 0.194/EUR 0.164)