Go ahead for Philippine solar projects10. December 2012 | Applications & Installations, Industry & Suppliers | By: Jeremy Bowden
LG CNS of South Korea has reportedly signed a deal to build a US$180 million photovoltaic plant at Cavite near Manila on the main Island of Luzon. The company will provide the bulk of financing for the plant, which would begin construction within a year and be completed by 2014, according to a report in the Manila Bulletin.
When complete, the plant is expected to be the largest solar project in the Philippines. Its actual size has not been disclosed however, and LG has not yet responded to pv magazine’s queries.
Talks had reportedly been taking place between the Philippine government and Geomyung Solar, but it has been said that LG CNS managed to quietly win the deal. The project is expected to provide power to the Island’s main grid, with details of the supply deal still to be ironed out.
This announcement follows a deal about a week ago between SunAsia Energy of the Philippines and Germany’s Mp-tec to develop four photovoltaic projects totalling 22 MW in remote provinces, continued the Manila Standard.
The projects are part of a national plan to replace expensive diesel generators in off-grid areas, which are also vulnerable to fuel delivery problems. Isolated island geography and high solar radiation levels make solar power an ideal choice for the Philippines, although concerns have been raised over possible typhoon damage to panels.
SunAsia will finance 30% of the off-grid projects, with the remainder expected to come from the U.S. Export-Import Bank and other sources, according to Export-Import Bank news. Project completion is scheduled for 2014, and power will be sold to electric cooperatives in three target provinces of Mindoro, Palawan and Aklan, in cooperation with regional subsidiaries of state-owned National Power Corp.
SunAsia is expected to move on to develop solar capacity on other isolated Philippine islands once the initial four projects are complete, and is also a major provider of solar facilities to local firms and households. It has also partnered with Canadian Solar and Hanwha Solar in the past.
The Philippine Department of Energy has so far awarded 17 solar contracts for capacity totalling 271 MW. The latest project to be completed was also the country’s biggest rooftop installation at 571 kW in June, financed by the Asian Development Bank.
The new projects are expected to boost solar generation in the Philippines, which currently comprises less than 0.1% of total output.
Minwoo Kim from Suwan, South Korea
Tuesday, 11.12.2012 05:43
Obama's energy policy is right. The world goes solar. Japan's FiT in July is among the highest in the world. Japan's FiT is shaking the solar market. Now, United States has the same options. New solutions will be showed in Japan. This is it!
As you know, earthquake in Japan is happening frequently. Floating solar panels installation is one of the best solutions for power crisis in Japan. So you have to reduce vibration to install Floating solar panels. Because, it makes many kinds of problems! Vibrations caused by wind, waves and external forces. New Floating Body Stabilizer for Floating solar panels installation has been created in South Korea. The Floating Body Stabilizers generate drag force immediately when Floating solar panels are being rolled and pitched on the water. Recently, these Floating Body Stabilizers have been used to reduce vibration of Floating Solar Panels in South Korea. You can watch New Floating Body Stabilizer videos on YouTube. http://youtu.be/O2oys_YHhCc, http://www.youtube.com/watch?v=nA_xFp5ktbU&feature=youtu.be.
Keep your finger firmly on the photovoltaic pulse: sign up for our daily newsletter
- 4085 views
- 3875 views
- 3776 views
- 2726 views
- 2324 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!