Total Eren SA has accepted to be part of the development of a 336 MW/440 MWp solar project in the Philippines, which was recently approved by the Department of Energy.
This announcement was made by the Nextnorth Energy corporation’s San Ignacio Energy Resources Development Corporation. It also stated that it had signed a contract for solar energy operations with Raphael P. M. Lotilla, the secretary of the energy department. Total Eren, according to the announcement, will invest in the PHP-18 billion project through San Ignacio. This makes it a Filipino-French joint venture.
This project is for Ilagan, Isabela province. It will be constructed on approximately 400 hectares of land near the Northern Luzon high voltage transmission network, which is managed by the National Grid Corporation of the Philippines. Construction work will begin in 2024 and be completed by 2025.
Total Eren, a renewables-focused Independent Power Producer, counts France’s TotalEnergies among its strategic investors. There are more than 3.7GW of solar PV and wind projects in construction or operating around the globe, including a 60 MWp solar plant located in Tarlac in the Philippines.
The new Philippine government wants to reach a 35% renewable energy percentage by 2030, and then reach 50% by 2040.