Bronzeoak, partners complete 4 solar plants before MARCH 15 deadline

by Lenie Lectura – March 8, 2016

from Business Mirror

BRONZEOAK Philippines Inc. and its partners recently completed four solar-power projects with a total capacity of 98 megawatts (MW), all before the March 15 deadline, so they could avail themselves of the feed-in-tariff (FiT) mechanism. The first of the four plants to meet all the requirements set forth by the Department of Energy and National Grid Corp. of the Philippines (NGCP) is the 18-MW solar farm in Bais City, Negros Oriental, owned by Monte Solar Energy Inc., a partnership between Bronzeoak and Ayala Corp.’s power unit, AC Energy Holdings Inc.

The next three plants, totaling 80 MW in Negros Occidental, are owned by Negros Island Solar Power Inc., a joint venture between Bronzeoak, the Macquarie-managed Philippine Investment Alliance for Infrastructure (Pinai) Fund and Dutch pension fund manager APG.

These are the 18-MW and 14-MW plants in La Carlota City, and 48-MW plant in the municipality of Manapla.

These three are currently providing daytime power to the 7 million people living in Negros Occidental and Panay’s four provinces.

All four solar farms, totaling 98 MW, have been completed in recent weeks, Bronzeoak reported, and “are also fully NGCP-tested, and are WESM [Wholesale Electricity Spot Market]-registered and grid-approved for full power export.” Bronzeoak and the Pinai Fund earlier teamed up for a 45-MW plant in San Carlos City.