Corporate News

Solar power projects lined up for next year

Posted on December 12, 2013

THE LOCAL UNIT of Belgium-based Enfinity Group plans to start developing next year up to four solar power projects with combined capacity of 50 megawatts (MW), a top company official told reporters yesterday.

Solar power is one of the alternative energy sources being developed in the country. -- BW File Photo
“We’re very committed to the Philippines. There are about 34 service contracts for solar and 18 of those are ours. We hope the first three or four will go to construction (stage) in the first quarter next year,” Dennis Chan Ibarra, president of Enfinity Philippines Renewable Resources, Inc., said at Hotel InterContinental Manila in Makati City.

He said Luzon and Mindanao will get two projects each.

“The cost is $2 million per MW and that will be around 50 MW combined for next year,” Mr. Ibarra said.

He said Enfinity Philippines is now seeking required permits, including Energy department declaration of the projects as being commercially feasible. “The confirmation of commerciality means we can go to financial closing and start construction,” Mr. Ibarra said. “We’re really looking forward to 2014 as a breakthrough year not only for our company but also for the solar energy in the Philippines.”

He added that the company plans to build the rest of its planned 18 solar projects “in the next couple of years,” each with 10-20 MW capacity.

Enfinity Philippines will source solar panels from suppliers in China, United States and Europe.

“We do not manufacture panels. We use commercially available panels depending on where we are going to use them,” Mr. Ibarra said. -- Claire-Ann Marie C. Feliciano