ENERGY company Upgrade Energy Philippines, Inc. (UGEP) is planning to install up to 700 megawatts (MW) of solar projects by 2028, encompassing utility-scale, commercial, and industrial solar rooftop and ground-mounted projects, a company official said.
“We are very bullish on the growth of solar in the country,” UGEP President and Chief Executive Officer Ruth Yu-Owen said on Saturday.
UGEP is a joint venture between renewable energy company PhilCarbon, Inc. and Belgian company Upgrade Energy.
The company collaborated with Merbau Corp. to construct a 13.811-MW-peak rooftop-mounted solar project in Batangas, serving as the engineering, procurement, and construction contractor. Merbau is the renewable energy arm of Gokongwei-led JG Summit Holdings, Inc.
UGEP announced the completion of the solar project in November last year, designed to fulfill the energy requirements of JG Summit’s petrochemical complex.
In the previous year, UGEP partnered with AboitizPower Distributed Renewables, Inc., a subsidiary of AboitizPower Corp., for a joint venture focused on commercial and industrial solar projects.
UGEP is also in the process of developing multiple utility-scale solar projects, including a 150-MW utility-scale solar project in Luzon.
“We believe that the future energy landscape will be one of 100% renewable energy, strategically located close to demand centers and sized appropriately to limit grid constraints and minimize losses,” Ms. Yu-Owen said. — Sheldeen Joy Talavera
