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Enfinity PHL launches 100 MWp solar power plants
Enfinity Philippines, a subsidiary of Enfinity Global, together with its partners, officially announces the groundbreaking of its 100 MWp solar power plants in the Philippines to be fully completed before year end. Total investment is pegged at US$180 million or about Php8 billion.
Enfinity Philippines President Dennis Ibarra said the company has been developing solar projects in the Philippines since 2010, with initial investments of over US$5 million (Php223 million). Enfinity Philippines today has several solar projects under development in different stages of completion, with a total of about 250 MW.
"The first four projects are in Clark, Angeles, Pampanga (20MWp), in Concepcion, Tarlac (40 MWp), in Digos, Davao del Sur (40 MWp), and in Cavite (3MWp). All projects have secured a renewable energy service contract from the Department of Energy (DOE). This month, all our solar projects have started construction and are seen to be completed by end 2015 or by March 2016. The construction sites will be employing at least 1,000 workers," Ibarra said. When completed, Ibarra underscored, the 100 MWp solar projects will deliver around 150 GWh of green electricity each year, enough to power the homes of 100, 000 families in the Philippines.
Gino Van Neer (picture), Founder and CEO of Enfinity Global, expressed optimism over the announcement of the Energy Regulatory Commission (ERC) on the new tariff of Php8.69 /kwh for projects with a total of 500 MWp. ‘’This shows the commitment of the Philippines to solar energy and its contribution to a 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 Enfinity CEO said that this is only the beginning of a long lasting solar power industry in the country where solar electricity will eventually reach as high as 30 percent of the electricity generation capacity.
‘’As a comparison, China today is installing up to 18 GWp/year of solar capacity and the world market this year will have over 60 GWp of new solar capacity. The Philippines will contribute a little less than 1 percent to the global solar market. Market reports show that in the next several years, over 1GWp of solar energy will be put on line in the Philippines every year,’’ Van Neer added.
Founded in Belgium in 2005, Enfinity Global has 10 years of experience in installing solar systems. The company realized close to 1 GWp of solar projects in different countries in Europe, North America and Asia Pacific. Through its four business units - Enfinity Develop, Enfinity Invest, Enfinity Technics and Enfinity Power - the company installs, operates and manages solar energy power plants.
This year, the company will install over 300MW of new solar energy projects worldwide. ‘’The Philippines is considered as one of our core markets for the further development of our solar business in the world,’’ said Van Neer. ‘’We will put more resources into the country and we will soon start to install solar projects on commercial rooftops; warehouses, manufacturing plants, malls. We aim to install this year alone over 20 MWp of rooftops. We will bring cheaper electricity to more than 40 companies in the Philippines. Enfinity provides solar installations to these companies with no upfront capital investment, which makes solar affordable for a lot of companies and will bring their costprice of electricity down with 10-20 percent.’’
Enfinity Philippines has also signed bilateral Power Purchase Agreements (PPA) with Distribution Utilities (DU) around the country and is preparing to start construction on at least two projects totaling 20 MWp in the Mindanao region. Aiming to make solar electricity affordable for everyone in the country, Enfinity last year formed a partnership with Imperial Homes Corp. to establish Enfinity
Imperial Solar Homes Inc. (EISHI), the company behind Via Verde; the first solarpowered mass housing community composed of 1,000 homes and located in Sto. Tomas, Batangas. The development, which sits on a five-hectare property, is supported by the Department of Energy and the Commission on Climate Change, and was awarded by IFC and World Bank with the First Philippines EDGE Certificate for Excellence in Design for Greater Energy Efficiency. This first-of-a-kind project is now being utilized and endorsed by the World Bank as model for its low cost residential case studies.