Citicore Renewable Energy Corporation is adding a peak solar power plant of 680 megawatts in Tuy, Batangas into its existing portfolio.
It will be built in two phases over a period of 2 years and will provide an important boost to Luzon’s grid. Megawide Construction Corp.- Citicore Construction Inc. is contracted to carry out the plant’s predevelopment, construction, and commissioning.
“Citicore has the commitment to develop and invest in more solar plants over the long term and increase the country’s renewable energy potential. We have increased our solar energy project pipeline by more than three-fold, from 1.5 Gigawatts to 5GW in the next 5 years,” Oliver Y. Tan, Citicore CEO, stated.
Tan said, “Aside from that development, we also invest in the battery energy storage (BESS), to extend the solar energy’s life beyond daytime and provide more competitive alternatives for end-users.”
He estimates that the construction phase will create at least 2,400 jobs, with the majority being sourced in the local community.
The P21.6 billion Batangas solar plant, which is located on a 5,000,000-square-meter lot, will begin commercial operations in 2024.
