ACEN, the renewable energy platform of Ayala Group, is boosting its portfolio with the construction of the 300-megawatt (MW) Palauig 2 solar farm in Zambales.
The facility is expected to produce over 450 gigawatt hours (GWh) of clean energy per year. Together with Palauig 1 Solar's 90-GWh output, power delivery will be equivalent to around 139,000 homes and avoid 350,000 tons of carbon emissions annually.
The cost of the new development, including the construction of the 1,200-MW transmission line, was estimated at P16 billion.
In addition, 540-MWp (megawatt peak) high-efficiency solar panels will be supplied by module manufacturer Seraphim, described as a world-class solar products manufacturer based in China.
"This expansion of our Palauig solar assets comes at an exciting time for ACEN's Philippine operations as we are relying on our core market to boost our energy transition efforts in the region. Palauig 2 Solar is the first of several new plants to commence with major construction works this year, and the need to sustain this accelerated pace toward the exponential growth of the renewables space is on top of our agenda," Jose Maria Zabaleta, ACEN chief development officer, said.
Palauig Solar aims to achieve a 35-percent renewable energy share in its power generation mix by 2030.