Enfinity of Belgium investing P8b in PH solar power projects

by Alena Mae S. Flores, 06 May 2015
from Manila Standard Today

Enfinity Philippines, a subsidiary of Enfinity Global of Belgium, is spending P8 billion to complete solar power plants with a combined capacity of over 100 megawatts in 2015 and 2016.

Enfinity Philippines president Dennis Ibarra said the first four projects were being built in  Clark Freeport, Pampanga (20 MW), Concepcion, Tarlac (40 MW), Digos, Davao del Sur (40 MW) and Cavite (3 MW).

“All projects have secured a renewable energy service contract from the Department of Energy. This month, all our solar projects have started construction and are seen to be completed by end 2015 or by March 2016,” Ibarra said.

He said the four projects would employ at least 1,000 workers, deliver 150 gigawatt-hours of green electricity annually and provide electricity to 100,000 homes in the Philippines.

Gino Van Neer, founder and chief executive of Enfinity Global, said the company was now aggressively pursuing the development of solar projects, following the recent announcement of the Energy Regulatory Commission on the new feed-in tariff.

ERC expanded the solar installation target by 450 megawatts with a feed-in tariff rate of P8.69 per kWh.

“This shows the commitment of the Philippines to solar energy and its contribution to sustainable environment. The Philippines will be put on the map as a solar country following other countries in the region like Thailand, Malaysia, China and India,” Van Neer said.

The Philippines is considered one of Enfinity’s core markets for solar projects, he said.

The company expects to put up 500 MW of solar power projects in the Philippines in the next three years.

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