Economy


Conergy to develop two more plants for San Carlos Solar




Posted on November 25, 2014


CONERGY AG has bagged the contract to develop two more solar ventures of San Carlos Solar Energy, Inc. (Sacasol) totaling 41 megawatts (MW), the German firm said in a statement.

The company said it was awarded a new contract “to build two solar parks in Negros Occidental.”

“Conergy will be the turnkey contractor for these two projects, responsible for the overall planning, engineering, design, project delivery as well as the component supply for the two power plant,” the statement read.

Conergy added that it is collaborating with SCHEMA Konsult, Inc., its local partner, for the construction works.

“These two new solar plants will add a total of 41 megawatts of solar capacity to the Visayas grid after their completion in June next year,” Conergy said.

The projects involve the 23-MW expansion of Sacasol’s 22-MW solar farm in San Carlos City; and a new 18-MW solar facility in the municipality of La Carlota.

Conergy said the first project will generate 34.3 gigawatt-hours per year and could power 14,300 households. It will be located adjacent to the existing facility that started operations last May.

Sacasol is joint venture between Bronzeoak Philippines, Inc. and ThomasLloyd Cleantech Infrastructure Fund.

“Sacasol is moving ahead with its expansion and is excited to be doing so with Conergy, with whom it has worked well in the past,” Bronzeoak Philippines President Jose Maria P. Zabaleta, Jr. said in the same statement

“With the right partners, the projects can be delivered on time to meet the country’s growing energy needs,” he added.

For his part, Conergy Asia & Middle East President Alexander Lenz said: “We are very encouraged by the increasing recognition of the relevance of solar power in the Philippines as more developers and project sponsors ramp up their investments in utility-scale solar to meet the growing power demand in the country.”

“These two additional projects with Sacasol, which triples their solar energy capacity, not only underscore solar’s growing acceptance and strong momentum in the country but also demonstrate the improving economics of solar in the Philippines.”

Bronzeoak Philippines was established in 2003 to engage in renewable energy development.

It owns and operates an ethanol facility and cogeneration plant, through San Carlos Bioenergy, Inc., that produces 40 million liters of fuel ethanol, 40 million kilograms of sugar syrup and 60 million kilowatt- hours of electricity every year.

Its partner, ThomasLloyd Group is a European global investment banking and investment management group dedicated to projects involving renewable energy and other clean technologies.

Meanwhile, Conergy is one of the world’s largest solar companies, specializing in the design, finance, building and operation of solar systems.

Headquartered in Hamburg, the company is privately-held and majority-owned by Miami-based asset management firm Kawa Capital Management, Inc. -- Claire-Ann Marie C. Feliciano