Economy


Conergy awarded solar farm contract by Ayala-Bronzeoak venture MonteSol




Posted on September 23, 2015


THE JOINT venture between Ayala Group’s AC Energy Holdings, Inc. and Bronzeoak Philippines, Inc. has tapped a German contractor to develop its initial 18-megawatt (MW) solar farm, estimated to cost about P1.3 billion.

Monte Solar Energy, Inc. (MonteSol) awarded the contract to Conergy AG, according to a statement from the photovoltaic solution and service provider.

“Conergy will be responsible for the engineering and design, component procurement, and project management of the new plant,” the statement read.

It added that the solar farm -- to be located in Bais, Negros Occidental -- is scheduled to be completed in the first quarter of next year.

The project, said Conergy, will occupy a 213,292-square-meter site and will generate some 24,205-megawatt-hours of electricity every year.

The project represents the maiden solar venture of the Ayala Group, which -- through AC Energy -- formally partnered with Bronzeoak earlier this month.

Bronzeoak -- controlled by the Zabaletas of Negros -- owns a 45-MW solar project in Negros Occidental, which is currently the country’s largest solar farm.

AC Energy and Bronzeoak aim to build the initial 18-MW valued at about P1.3 billion, with plans to expand this to as much as 40 MW.

In Conergy’s statement yesterday, MonteSol President Jose Maria P. Zabaleta said the project with AC Energy will be the latest addition to its solar portfolio of 202 MW currently operational or under construction.

“We are delighted to be working once again with Conergy to deliver the timely completion of this new project, which is now part of Bronzeoak’s new partnership with AC Energy,” Mr. Zabaleta was quoted in the statement as saying.

Alexander Lenz, president of Conergy for Asia & Middle East, for his part said: “We are very pleased to have the opportunity to further build on our already strong track record and once again demonstrate Conergy’s capabilities -- to provide the best combination of technology expertise, local and regional support and a proven ability to deliver on large and critical solar projects.”

“This new contract is a testament to Conergy’s continuing commitment to support the growth and development of solar energy in this market and to remain at the forefront of this industry’s development,” he added.

Conergy designed the 45-MW solar farm of San Carlos Solar Energy, Inc., whose managing shareholder is Bronzeoak.

Bronzeoak, through several subsidiaries, is also building more solar farms across Negros.

AC Energy is engaged mainly in the development of wind and coal projects.

Over the past three years, the Ayala-led power firm allotted an equity investment of around $500 million to develop various power generating projects.

These include the 19-MW expansion of the 33-MW Bangui wind farm in Ilocos, Norte -- which was done through Northwind Power Development Corp.

Through North Luzon Renewable Energy Corp., the company also owns an 81-MW wind farm in Pagudpud, Ilocos Norte. -- Claire-Ann Marie C. Feliciano