P2.9-B Leyte solar farm project gets DOE nod

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Renewable Energy developer Philippine Solar Farm-Leyte Inc. can proceed with the construction of its 30-megawatt (MW) solar farm in Leyte after receiving a go-signal from the Department of Energy (DOE).

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The DOE recently confirmed the declaration of commerciality to Philippine Solar Farm’s 30-megawatt planned facility in Ormoc, Leyte, a department official said. Mario Marasigan, director of the DOE-Renewable Energy Management Bureau, told reporters on Monday that the department has issued a certificate allowing the firm to begin constructing its solar farm.

“Based on the submission of the company to the DOE, by January 2015, the project will be in commercial operations already,” Marasigan further said.

Young Soon, chief operating officer of Philippine Solar Farm, said earlier report that the company is in the process of getting a permit from the DOE to put up a 30-megawatt solar farm on a 44-hectare area in Barangay Dolores.

Project cost of the solar power plant is approximately $72 million, or P2.9 billion. The company official even said that should the Philippine Solar Farm get the green light from DOE, it will immediately tap financing from the Korea Development Bank Daewoo Security Co. Meanwhile, Marasigan said that another solar farm may also start construction soon.

“We are processing one more application for a solar project and we will confirm its declaration of commerciality soon,” he added, specifying that it will also have a capacity of 30 MW. The firm’s next solar farm will be built in Luzon.

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