Solar power company eyes more projects

http://www.malaya.com.ph/business-news/business/solar-power-company-eyes-more-projects

March 06, 2018

Local solar power developer SunAsia Energy, Inc. is building a 20 megawatts (MW) project in Pangasinan as it is firm on developing as much as 135 MW more next year, with the bulk located in Mindanao.

“We are building a 20 MW project in Pangasinan, in Sta Barbara. Our partner is Dagupan Electric and Joey De Venecia for this particular project,” the company’s president, Tetchi Capellan, said.

Capellan also saidSunAsia is keen on developing five more solar power projects next year as the price of the technology continues to drop.

“Two 50 MW, one 12 MW and another 3 MW will be in Mindanao while another 20 MW will be in Luzon. At present, average cost is $850,000 per MW if the project has at least 50 MW capacity while it will take $950,000 per MW if the project is lower than 50 MW,” Capellan said.

At present, the company operates a total of 112 MW worth of solar projects: 60 MW in Toledo, Cebu; 30 MW in Victoria, Negros Occidental; and 2 MW in Sumilao, Bukidnon; and another 20 MW.

Earlier, the company created Megawatt Solutions, a new subsidiary that will develop at least 198 MW or 792-megawatt hours (MWh) worth of battery storage facilities in the country that will be broken down in five projects.

The first of the projects is a partnership with Aklan Electric Cooperative, Inc. (AKELCO) for the installation of a battery storage with 10 MW/40 MWh capacity in its service area to replace power sourced from diesel power plants.

“We will have 5 installations for the year including the one in AKELCO. Projects will be in Luzon and Visayas. The next one will be by next quarter, about 25 MW in Luzon. It is somewhere with a big load but definitely not Palawan,” Capellan, who also serves as president of Megawatt, said.