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ACEN, the listed energy platform of the Ayala Group, boosts its renewable energy portfolio in its home country, the Philippines, with the start of construction of the 300 MW Palauig 2 Solar farm located in Zambales, an area with one of the country’s highest irradiance zones and solar energy potential.
In proximity to ACEN’s operating 63 MW Palauig 1 Solar project, the cost of the new development, including the construction of the 1,200 MW transmission line, is estimated at ₱16 billion. 540 MWp high-efficiency solar panels will be supplied by module manufacturer, Seraphim.
ERS Energy Pte. Ltd. (ERS) and Global Electric Power Development Corporation (GEC) are signed on as the project’s Engineering Procurement and Construction (EPC) contractors, with ERS as the offshore supplier and GEC as the onshore construction contractor.
Palauig 2 Solar is expected to produce over 450 GWh of clean energy per year, and together with Palauig 1 Solar’s 90 GWh output, can sustainably power the equivalent of around 139,000 homes and avoid 350,000 tonnes of carbon emissions annually. ACEN has also created around 2,200 green energy jobs in Zambales since the start of the development of Palauig 1 Solar in 2020, helping stir the local economy and improve national prosperity as the country gears up for a post pandemic era.
Jose Maria Zabaleta, chief development officer of ACEN, said “This expansion of our Palauig solar assets comes at an exciting time for ACEN’s Philippine operations as we are relying on our core market to boost our energy transition efforts in the region. Palauig 2 Solar is the first of several new plants to commence with major construction works this year, and the need to sustain this accelerated pace towards the exponential growth of the renewables space is on top of our agenda.”
With Palauig 2 Solar being a crucial addition to ACEN’s renewables push, the company aims to be one of the Philippines’ top reliable partners in energy security, effectively harnessing the enormous potential of renewable energy resources, towards the country’s goal of achieving 35% renewable energy share in the power generation mix by 2030.