The Nueva Ecija Solar Farm[1] is a 500 MW solar power plant currently under construction[2] in Peñaranda, Nueva Ecija to be developed by Solar Philippines. When completed it will be the largest solar power facility in the Philippines by capacity.[3][4][5]
| Nueva Ecija Solar Farm | |
|---|---|
 | |
| Country | Philippines |
| Location | Peñaranda, Nueva Ecija |
| Coordinates | 15°24′52.90″N 121°1′24.82″E / 15.4146944°N 121.0235611°E |
| Status | Under Construction |
| Construction began | December 2021 |
| Owner(s) | SP New Energy Corporation |
| Solar farm | |
| Type | Flat-panel PV |
| Power generation | |
| Nameplate capacity | 225 MW |
The project for the Nueva Ecija solar farm was first conceptualized in 2016. It would be built in phases with the first phase to produce 225 MW.[4] Construction is planned for late-2021.[6]
The facility will be operated under Solar Philippines' subsidiary SP New Energy Corporation (SPNEC).[4]
SPNEC's Manuel Pangilinan announced on March, 2024 plans to sell 40% of the equity in Terra Solar Philippines Inc. to get more investors to build a P200-billion cache. "The investment [for the project] would be at Terra Solar, which is 100 percent owned by SPNEC. Most likely, foreign investors will come in for an up to 40-percent equity stake at the Terra Solar level," Pangilinan said.[7][8]
References
edit- ^ "Our Business". Solar Philippines Nueva Ecija Corporation. Retrieved November 16, 2021.
- ^ "SPNEC starts construction of 'biggest solar project in Southeast Asia'". GMA News Online. Retrieved December 26, 2021.
- ^ "A 28-year-old aims to build a giant solar farm in Asia". The Straits Times. November 16, 2021. Retrieved November 16, 2021.
- ^ a b c Lagare, Jordeene (June 30, 2021). "PH to build largest solar farm in Nueva Ecija". The Manila Times. Retrieved November 16, 2021.
- ^ Crismundo, Kris (November 15, 2021). "Firm putting up largest SEA solar project goes public". Philippine News Agency. Retrieved November 16, 2021.
- ^ Yang, Angelica; Valmonte, Keren Concepcion (November 2, 2021). "Solar Philippines looking to hold IPO to fund 500-MW solar farm". BusinessWorld. Retrieved November 16, 2021.
- ^ Adonis, Meg (March 5, 2024). "SPNEC scrambles to fund world's largest solar farm". Retrieved March 6, 2024.
- ^ Salting, Paolo (March 4, 2024). "SP New Energy in talks with potential investors". Retrieved March 6, 2024.
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