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Conergy Connects Philippines’ First Giant Solar Park - Conergy announced the completion of phase one of the Philippines’ first utility-scale solar park - Conergy.com
Conergy Connects Philippines’ First Giant Solar Park

 

NewswireToday - /newswire/ - Hamburg, Germany, 2014/05/15 - Conergy announced the completion of phase one of the Philippines’ first utility-scale solar park - Conergy.com.

   
 
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Conergy, one of the world’s leading PV solution and service providers, announced the completion of phase one of the Philippines’ first utility-scale solar park, which was switched on at an opening ceremony in San Carlos City today by His Excellency Benigno Aquino III, President of the Republic of the Philippines.

The Government of the Philippines launched a 50 MW incentive scheme distributed over three years to attract investment in solar, part of efforts to expand power generation in the country, where the economy is growing at 6-7% per annum but constrained by the fifth highest electricity prices in the world, and frequent, protracted blackouts. With a coastline close to double that of the United States’, climate change is also high on the agenda of the Pacific nation, and the government targets a tripling of renewable energy power generation by 2030 to over 15 GW.

Conergy, already the biggest builder of utility-scale solar plants in Thailand and among the top five largest in the United Kingdom, designed and is building the new 22 MW facility, which is located in an economic zone close to the port of San Carlos City, in the middle of the 7,100-island archipelago.

Marc Lohoff, CEO for Asia Pacific, Conergy, said: “Conergy is working internationally with its partners to unlock the barriers to the wider adoption of solar, including in countries like the Philippines where the conditions are perfect. Utility-scale solar plants can be built quickly and cost-effectively, with relatively low operational and maintenance costs. When well designed, and properly constructed, they can play an important role in reducing pressures on domestic power generation.”

In its first phase, the San Carlos City project features 13 MW of power capacity, which will be expanded to 22 MW in the coming months. Once complete, the plant will generate enough electricity in a year to power the equivalent of 13,000 local homes.

Alexander Lenz, President for Conergy Asia & Middle East, Conergy, said: “This is a big moment for the Philippines, where the country’s proximity to the Equator, high electricity prices and logistical complexity, offer huge potential. Conergy is proud to be at the forefront of the nation’s first multiple Megawatt solar project, which will provide affordable, reliable power for businesses and citizens across San Carlos City, and offers a model for other parts of the country.”

The solar park is owned by the San Carlos Solar Energy Inc. and was financed by ThomasLloyd Group. Development work was undertaken by local specialist, Bronzeoak Philippines.

About Conergy
Conergy is a leading PV Solution and Service Provider and offers its customers tailor made, care- free, high-performance packages, including all relevant solar services be it for private or commercial roofs or for multi-megawatt installations. Conergy has a strong balance sheet and is a highly bankable downstream expert with 350 employees and more than 15 years of experience in the planning, construction and operation of turnkey photovoltaic plants totaling to more than 600 megawatts. With an unrivalled sales network on five continents and subsidiaries in 11 countries, Conergy has a unique global footprint.

Since the third quarter of 2013, Conergy has formed part of Kawa Capital Management, Inc., an independent asset management firm based in Miami, Florida. Kawa thereby expands its investment portfolio to include the fast growing solar asset class. The partnership between Conergy and Kawa creates a globally unique player in the solar energy industry: Conergy’s expertise in providing complete solar energy solutions and the established financial management strategies of Kawa allow the organization to develop new business models in the solar growth and grid parity markets and thereby drive today’s clean energy economy.

 
 
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Written by / Agency / Source: Conergy UK Ltd

 
 

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Conergy Connects Philippines’ First Giant Solar Park

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Conergy UK Ltd | Solar Park
Publisher Contact: Press Office - Conergy.com 
+44(0)84 4381 4148 info[.]conergy.co.uk
 
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