Developer Solar Philippines is preparing to issue up to 2.7 billion shares, for an estimated $0.02 per share, in the project company which will develop its 500 MW-plus Peñaranda project on Luzon.
Solar Philippines will tap stock market investors to back the first section of a solar project in Luzon it says will eventually be the largest in the region.
The government expects to contract 1.5 GW of solar in this year’s two renewables auctions and is estimating a further 1.7 GW in two rounds planned next year.
The country’s installed PV capacity reached 1.83 GW at the end of last month, according to the national grid operator.
Grid operator Polskie Sieci Elektroenergetyczne has published figures demonstrating the country had 1,007.2 MW of solar at the end of September, with 600 MW of new PV coming online in the first nine months of the year. The Polish government expects total capacity to reach 1.3 GW this year.
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