by Alena Mae S. Flores – March 31, 2016 at 11:05 pm
from Manila Standard Today
Conergy, a leading German solar photovoltaic solution and service provider, said it completed with its partners 201 megawatts of solar capacity in the Philippines in time for the March 15 deadline set by the Energy Department.
Conergy officials also said the company would pursue more than 500 megawatts of solar power capacity in the next two years.
Conergy Asia-Pacific president Alexander Lenz told reporters the company was in talks with possible partners for around 180 MW of solar projects, wherein power generated would be sold through bilateral contracts.
He said the cost of solar panels had significantly gone down, with only around $1 million to $1.5 million needed to put up 1 MW of ground mounted solar project.
Conergy also plans other services such as engineering, procurement and construction services; project development, finance and asset ownership and large scale commercial rooftop projects.