The Philippines Begins Construction of a 500 MW Solar Power Park

The solar power park is part of a 1 GW unsubsidized photovoltaic project portfolio and is expected to be completed in 2023.

Project developer Solar Philippines Nueva Ecija Corporation (SPNEC) plans to build a 500 MW photovoltaic facility on a former ranch in Peñaranda, Nueva Ecija Province, Central Luzon, and has begun construction of the first 50 MW unit.

The company stated in a document submitted to the Philippine Stock Exchange (PSE): “The goal of the first 50 MW unit is to supply power to the grid from the end of 2022, so that SPNEC will achieve profitability in 2023 and build the rest of the project. Pave the way.”

“After the first phase of 50MW capacity starts to supply power to the grid, considering that it is relatively easy to increase capacity in a solar park that has already started operations, SPNEC plans to install solar panels for the next phase of 175 MW capacity within half a year, and prepares to Install solar panels during the year to achieve the remaining part of the total 500MW capacity.”

Once completed, this unsubsidized power plant will become the largest solar facility in the Philippines. The project is part of a 1 GW photovoltaic project portfolio announced by SPNEC in December 2020.

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