Aboitiz Power Corp. and partner SunEdison of the US plan to complete their first solar project in time for the dry months next year, an Aboitiz Power official said over the weekend.
Aboitiz Power chief finance officer Manuel Lozano told reporters SunEdison planned to put up install 300 megawatts of electricity capacity from solar power.
“SunEdison wants 300 [MW] but that will be a challenge. I think we’re looking at projects that could bring us to up to 100 MW initially, and our goal is to do is quickly as possible,” Lozano said.
He said each solar project would be capable of generating around 20 MW to 40 MW of electricity.
“We’re negotiating some right now. Our goal is to finalize the deal for the construction and began construction by the middle of the year. Because we really would like to finish our fist project before March next year. Solar is fast,” Lozano said.
He said solar projects could be installed within four to six months. SunEdison is scouting at possible projects in Luzon and the Visayas.
“For us the value of the project is high if we could finish the contract by March next year,” he said.
Lozano said the two companies are were at existing solar contracts that they could join.
“For us to jumpstart, we are looking at existing contracts. Other developers already have contracts but were not able to progress,” he said.
Lozano said cited a lot of opportunities for solar projects, including solar rooftops.
Aboitiz Power last year teamed up with SunEdison to construct solar power projects in the Philippines.
The two companies said they aimed to develop the first in a series of utility scale solar power projects this year.
SunEdison, a leading solar technology manufacturer and provider of solar energy services, and Aboitiz Renewables Inc., a wholly-owned unit of Aboitiz Power, signed a joint framework agreement to construct up to 300 MW of utility scale solar photovoltaic power generation projects in the country.