Solar PH firming up 10GW supply contracts

Leviste-founded Solar Philippines is currently accelerating discussions with prospective off-takers of the generated electricity of up to 10,000 megawatts of solar farm installations that the company will be advancing to implementation and construction phases within the short-term.

As stated by Solar Philippines founder Leandro Leviste, “while we have been constrained from commencing on our projects due to ongoing contracting processes, we look forward to share more details in the coming days, and to give a better picture of what SPNEC will look like after the asset-for-share swap.”

Under the GEAP, of which initial auction of 2,000MW capacity was administered by the Department of Energy last Friday , the winning developers of renewable energy projects will be awarded with 20-year power supply contracts.

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