Saturday, March 2, 2024

French firm to build P9-B solar energy plant in Negros Occidental

French firm UrbaSolar has earmarked P9 billion to build a 100-Megawatt (MW) solar plant in the Philippines with SunAsia Energy.

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?In partnership with SunAsia Energy, UrbaSolar brings to the Philippines Php9 billion worth of foreign capital from a consortium of European ‘green’ funders, in order to build 100-MW solar plants in 2015,? said SunAsia Energy in a statement.

The agreement between the two firms was signed during the state visit of French President Francois Hollande to the Philippines.

The 100-MW project will start with the construction of a 30-MW farm in Victoria City, Negros Occidental this June.

It will be built in partnership with Miescor and the Development Bank of the Philippines (DBP).

The 100-MW project will increase power to the Visayas grid, which may also benefit Luzon through the two island?s power inter-connection.

SunAsia Energy president Tetchi Cruz-Capellan bared the collaboration with UrbaSolar began last September 2014 during the state visit of President Benigno S. Aquino III in France.

She explained the European roadshow allowed French investors to see that solar energy is an emerging market in the Philippines.

Capellan stressed the 100-MW solar farm will avoid significant C02 emissions, avoiding a carbon output of 8.6 million.

Capellan pointed out the potential of solar energy in the Philippines is enormous, citing 12 hours of sunshine every day.

UrbaSolar has an 11-percent market share in French solar space, with the capability to produce its raw materials to provide advanced smart grid applications.

SunAsia Energy, on the other hand, is an independent solar power producer. — PNA


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