juwi has been selected as the preferred EPC partner to build a ground-mounted, grid-connected utility scale solar PV power plant by the project’s sponsors, an international developer and sector focused private equity fund.
The solar farm is scheduled to be completed by early next year and will have an installed capacity of 6.25 Megawatt (MW). The plant’s 20,500 photovoltaic modules will produce more than 9 million kilowatt hours of climate friendly electricity per year and will thus help to support the country’s growing electricity needs, sustainably.
This first Solar PV Plant with more than 1 MWp capacity in Mindanao is a testament to how renewable energy can supplement day-time peak loads usage, as a viable alternative to traditional diesel power, the company said in a written statement.
According to the plant’s owners, it will be one of the largest diesel replacement power plants when it is completed, given that 100% of its generated power will replace diesel-generated peak power.
“Many regions in the country heavily depend on fossil fuels or diesel to generate electricity. Especially the island-region of Mindanao where load shedding and brownouts are prevalent, renewable energies such as wind and PV solar power can provide a clean, quick and cost-effective alternative,” said Kai Klingenhagen, Business Development Manager for juwi in the Philippines.
Due to a projected power deficit forecast for 2015, the government of the Philippines is currently increasing the volume of power generation from solar energy plants from 50 MW to 500 MW. Thus, solar power projects that fall below that threshold will be guaranteed rates of return for the duration of 20 years. The hike in the installation cap was initiated in order to fight the countrywide shortfall of energy.
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