Germany's juwi group has expanded its global footprint to the Philippines.
The company will build its first project in Mindanao, the second largest and southernmost major island in the Philippines.
Juwi will oversee engineering, procurement and construction (EPC) operations for the planned ground-mounted, grid-connected utility-scale PV plant. The projects investors include an unnamed international developer and an unidentified sector-focused private equity fund.
The solar farm is scheduled to be completed by early next year and will have an installed capacity of 6.25 MW. The plants 20,500 PV modules will produce more than 9 million kilowatt hours of electricity a year.
"This first solar PV plant with more than 1 MWp capacity in Mindanao is a testament to how renewable energy can supplement day-time peak loads usage as a viable alternative to traditional diesel power," the company said, adding that the plant would be one of the largest diesel replacement power plants when completed, "given that 100% of its generated power will replace diesel-generated peak power."
Kai Klingenhagen, juwis business development manager in the Philippines, said, Many regions in the country heavily depend on fossil fuels or diesel to generate electricity. Especially the island-region of Mindanao where load shedding and brownouts are prevalent, renewable energies such as wind and PV solar power can provide a clean, quick and cost-effective alternative."
Amiram Roth-Deblon, juwi's regional director for Asia-Pacific, added that while the Mindanao plant was the companys first project in the Philippines, "there is already a well filled project pipeline and in the next weeks we are expecting to close several additional projects."
Roth-Deblon said juwi had been active in the Philippines since 2010 and has been working closely with developers, investors, local utilities and authorities to in realizing utility-scale renewable energy plants where they are needed the most. The Philippines is one of the fastest growing economies in Asia with great potential for renewable energies, he added.
Due to a projected power deficit forecast for 2015, the Philippine government is currently increasing the volume of power generation from solar energy plants from 50 MW to 500 MW in order to fight the countrywide shortfall of energy. Solar power projects that fall below that threshold will be guaranteed rates of return for the duration of 20 years.
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