SaCaSol contracted Conergy to construct the 22-megawatt plant, the largest solar farm in the country. The SaCaSol plant is expected to be completed by mid-2014 and produce approximately 35,000 megawatt hours per year, enough energy to supply 13,000 households as well as avoiding 18,820 tons of CO2 per year.
Conergy chief executive officer Marc Lohoff says, “SaCaSol is the first utility scale solar plant in Negros and the Visayas region and is the largest solar power plant in the country. With our market entry in the Philippines, we are opening up another attractive and emerging growth market in Asia, adding to our strong presence in Thailand. We are just about a month away from completing this project and together with our shareholder Kawa, we are looking forward to support more initiatives that will accelerate the development of solar energy and address the growing power demand in the country with alternative power sources that are sustainable, reliable and cost-effective.”
Alexander Lenz, Conergy president for Asia & Middle East calls the conditions for solar projects in the Philippines “very positive. This includes the Philippines’ electricity rates the country has the fifth highest electricity prices in the world today, and the second in Asia and also suffers from frequent blackouts. But thanks to high solar radiation of ~5kWh per square meter a day, and a 6-7 percent annual economic growth rate, solar energy can become a genuinely competitive and self-sustaining proposition in the country, especially if executed with the appropriate scale.”
Conergy is collaborating with SCHEMA Konsult on the SaCaSol project, which is a joint venture between the local clean energy developer Bronzeoak Philippines and investment management group ThomasLloyd.