BELGIAN firm Enfinity Global, through its subsidiary Enfinity Philippines, is building four solar power projects in the country worth P8 billion, which should generate a combined 100 megawatts (MW) when completed.
Gino Van Neer, founder and chief executive officer of Enfinity, said the first four solar projects are in Clark, Angeles, Pampanga with capacity of 20 MW; in Concepcion, Tarlac with 40 MW; in Digos, Davao del Sur with 40 MW; and in Cavite with 3 MW.
He said all of the company’s solar projects have already started construction and are expected to be completed by the end of this year or by March 2016.
“The Philippines is considered as one of our core markets for the further development of our solar business in the world,” said Neer.
Enfinity Philippines president Dennis Ibarra said all projects have secured renewable service contracts from the Department of Energy (DOE).
When completed, Ibarra said the solar projects will deliver around 150 gigawatt-hours (GWh) of green electricity each year, enough to power 100,000 homes in the country.
Ibarra also said the company has been developing solar projects in the country since 2010, with initial investments of over P223 million.
“Enfinity Philippines today has several solar projects under development in different stages of completion, with a total of about 250 MW,” said Ibarra.
Neer said they are rushing the construction of solar projects in order to meet the deadline for the Feed-in-Tariff (FIT) allocation for solar energy.
The Energy Regulatory Commission (ERC) has approved a solar FIT of P8.69 per kilowatt for an additional capacity of 450 MW.
Neer has expressed optimism on the ERC’s move, saying this shows the government’s commitment to solar energy and toward a sustainable environment.
He said this is only the beginning of a long-lasting solar industry in the country where solar electricity will eventually account for as much as 30 percent of the generation capacity.
“The Philippines will contribute a little less than one percent to the global solar market,” he said.
He cited market reports showing that over one gigawatt of solar energy will be put on line in the country every year in the next several years.
Founded in Belgium in 2005, Enfinity Global has 10 years of experience in installing solar power systems.
The company realized closed to 1GW of solar projects in different countries in Europe, North America and Asia Pacific.
Through its four business units—Enfinity Develop, Enfinity Invest, Enfinity Technics and Enfinity Power–the company installs, operates and manages solar energy power plants.