San Carlos Solar Energy Inc. is investing P1.8 billion to build a second solar power plant with a capacity of 18 megawatts in Negros Occidental, following the start of commercial operations of the country’s largest solar facility in San Carlos City.
The company said it would build an 18-megawatt solar facility in La Carlota City to be called SaCaSol II. The first facility, known as SaCaSol I in San Carlos City, started operations on Thursday, initially providing 13 MW and is being expanded to have a total capacity of 22 MW.
President Benigno Aquino III attended the inauguration of the first phase of Sacasol I, which is now the largest commercial solar power plant in the country.
“The success of this project has opened the door for us to develop and finance other solar plants, as seen in our latest, the aptly named Sacasol II, an 18-MW facility that has broken ground in La Carlota City on May 16,” Thomas Lloyd chairman Michael Sieg said.
Construction of Sacasol II is expected to start in June and the P1.8-billion project is targeted to be completed by the end of 2014.
SaCaSol is a renewable energy project being developed by Bronzeoak Philippines Inc. and European fund manager ThomaLloyd Group.