A substantial investment of up to P3 billion is being channeled into a groundbreaking renewable energy project in Nueva Ecija, poised to significantly bolster the nation’s power capacity.
The ambitious undertaking centers around a 140-megawatt solar farm coupled with a 100-megawatt-hour battery energy storage system in Liwayway, representing a major leap forward for the developing company.
Company officials indicate the final expenditure, ranging from P2 to P3 billion, will depend on the timely acquisition of necessary permits, a critical factor in maintaining the project’s momentum.
This year’s budget marks a dramatic increase from the previous year’s P500 million, which was primarily dedicated to securing the land required for the expansive solar installation.
The current allocation will focus on the crucial importation of high-efficiency solar panels and the costs associated with converting the land for optimal energy generation.
Executives anticipate reaching the testing and commissioning phase of the Liwayway project by the fourth quarter of 2027, bringing clean energy closer to reality.
Beyond this flagship project, the company is actively charting a course for expansion, with a keen eye on opportunities outside the main island of Luzon.
Currently operating four utility-scale solar power plants in Pampanga, the company boasts a total installed capacity of 77.844 MW, a foundation for future growth.
Driven by a long-term vision, the company has set an ambitious target: to cultivate a renewable energy portfolio of at least 1,000 MW by the year 2035.
This commitment underscores a dedication to sustainable power solutions and a significant contribution to the nation’s energy independence.
