The Philippines government has given the green light for the country's third commercial solar project.
The Energy Department of the Philippines confirmed on Wednesday it has issued the nation's third certificate of commerciality for a PV project, meaning South Korean solar developer Mirae Asia Energy Corp. can begin construction.
An announcement by the Energy Department, quoting a Mirae official, said the company will now process the permits required to start construction with the intention of breaking ground on the PHP 2.4 billion (US$55 million) project in the fourth quarter of this year.
Mirae expects construction of the 60-hectare project in the village of Paguludan, near Currimao town in the Ilocos Norte province, to take from nine to twelve months with the plant in full commercial operation by late 2014.
The developers will benefit from a FIT payment of PHP9.68/kWh.
The previous PV projects to win a certificate of commerciality in the country were Philippine Solar Farm-Leyte's 30 MW scheme in Ormoc and a similar-sized solar farm by ATN Philippines Solar Energy Group at Rodriguez, Rizal.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.