HOPING to avail of government incentives for developing renewable energy (RE) projects, Filipino firm SunAsia Energy is aggressively pushing its expansion program and plans to put up two more solar power facilities this year.
SunAsia Energy president Tetchi Capellan these power projects are set to be developed in the provinces of Isabela and Bukidnon.
“We are looking for more projects. One in Isabela and another in Bukidnon,” Capellan told reporters over the weekend
However, she gave no details on the cost and the target capacity of the two planned solar projects.
The two projects will be on top of the 55-megawatt (MW) PV power plant the company will put up in Toledo City, Cebu.
She said SunAsia is set to start construction of the Toledo solar power plant in September this year as they have already chosen a financing partner for the project.
For the Toledo solar project, Capellan said the company is likely to spend roughly P110 million.
The 55MW solar project combines agriculture and solar energy, the first of its kind in the country.
SunAsia Energy worked closely with Baltao Farms and the livestock advisors to balance the engineering requirements of the solar farm with livestock management.
The government is giving incentives to spur the development of RE in the country through the Feed-In-Tariff (FIT) scheme.
The Energy Regulatory Commission (ERC) has approved an initial FIT rate of P9.68 per kilowatt-hour (kWh) for the first 50 MW of solar power installations.