ACEN breaks floor on 300-MW photo voltaic challenge within the Philippines

ACEN Company (PSE:ACEN), the power platform of Philippine conglomerate Ayala Group, will additional broaden its renewables portfolio with the development of a 300-MW photo voltaic park within the Philippines’ Central Luzon area.

The corporate stated in a bourse submitting on Wednesday it would construct 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 extra capability to create a fancy that can generate electrical energy for round 139,000 native houses.

The photo voltaic enlargement challenge additionally comes with the development of a 1.2-GW transmission line. The general value is estimated at PHP 16 billion (USD 293.2m/EUR 268.8m).

Palauig 2 will probably be geared up with Seraphim photo voltaic panels of 540 MWp every, anticipated to have an annual output of over 450 GWh. ERS Vitality Pte Ltd and World Electrical Energy Growth Company (GEC) will act as engineering, procurement and building (EPC) contractors.

“Palauig 2 Photo voltaic is the primary of a number of new crops to begin with main building works this yr, and the necessity to maintain this accelerated tempo in direction of the exponential progress of the renewables house is on high of our agenda,” stated Jose Maria Zabaleta, chief growth officer of ACEN.

At present, ACEN has roughly 4 GW of attributable capability within the Philippines, Vietnam, Indonesia, India and Australia. The group’s objective is to have 20 GW of renewables by 2030.

(PHP 10 = USD 0.183/EUR 0.168)

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