- SPNEC makes bids for 10 GW of projects.
- Solar Philippines Batangas Baseload Corporation is also planning a solar project with a storage capacity of up to 2 GW.
- The tender results should be disclosed by June 24.
Solar Philippines Nueva Ecija Corporation, a publicly-traded subsidiary of solar developer Solar Philippines, has made bids for 10 GW of projects. These offers, which represent 9 TWh of contracted yearly power generation, are currently awaiting clearance from off-takers and regulators, according to a bourse filing by SPNEC.
SPNEC proposes asset-for-share swaps with its parent company as part of its ambition of creating 10 GW solar projects, as announced in January. Aside from the projected 500-MW Nueva Ecija solar farm, the freshly submitted offers are related to the asset-for-share swap package’s progress.
Terra Solar Philippines Inc, a joint venture with Prime Infra, would install 3.5 GW of solar panels and 4.5 GWh of battery storage in the largest project. An 850 MW share of the overall capacity of Manila Electric Company, better known as Meralco, would be supplied by this solar-plus-storage project. Solar Philippines Batangas Baseload Corporation is also planning a solar project with a storage capacity of up to 2 GW.
These and other businesses, according to SPNEC, were among the qualified bidders for the Department of Energy’s (DOE) 2 GW green energy auction program. The tender results should be disclosed by June 24.
“While we have been constrained from commenting on our projects due to ongoing contracting processes, we look forward to sharing more details in the coming days, giving a better picture of what SPNEC will look like after the asset-for-share swap,” said Solar Philippines founder Leandro Leviste.