THE SAN Carlos Solar Energy Inc. (Sacasol) will invest $62 million or about P2.8 billion in the expansion of its solar power project in Negros Occidental.
Sacasol is a renewable energy project being developed by Bronzeoak Philippines Inc. and European fund manager ThomasLloyd Group.
Bronzeoak Director Don Mario Dia said the expansion project will add another 23 megawatts (MW) to the plant and will bring Sacasol’s total capacity to 45 MW.
Dia said they will issue the notice to proceed (NTP) to the contractor on November 3.
The first phase of the San Carlos power project covering 22 MW in the San Carlos Economic Zone was fully completed last month and is now in full commercial operations.
Bronzeoak Philippines, established by Zabaleta & Co. and Bronzeoak Ltd. of the UK, is a private entity that specializes in renewable energy development in the country.
Sacasol tapped Germany-based Conergy AG as supplier of its solar power inverters and photovoltaic modules in the first phase of the project.
The expansion project is expected to commence next year and will be completed in 2015.