Renewable energy resource developer Solarus Partners Inc. is seeking to develop solar power projects across the country with an investment of about $100 million this year for a combined capacity of 50 megawatts (MW).
Tetchi Capellan, Solarus managing director, told reporters the company is gearing up for several solar projects to be developed across the country within this year.
With investment amounting to about $100 million, the combined 50-MW of solar projects will be concentrated in Panay, Negros and Mindanao, Capellan said.
Solarus has a 12-MW project in South Cotabato and another in Cabacan, Davao City.
Early last year, Capellan made public the company’s plan to develop a 12-MW solar project in South Cotobato this year.
According to her, the installation of solar panels usually takes about six to eight weeks, with each project usually costing $2 million to 2.5 million per megawatt.
Located in the municipality of Surralah, the solar power plant is expected to produce at least 18.361 gigawatt-hours of electricity annually.
Besides building solar power plants, Solarus Partners also offers solutions to institutions that want to lower their electricity bills. The company has been tapped by the Bank of the Philippine Islands for a 2.5-kilowatt solar photovoltaic system in one of the bank’s branches in Makati City.