It'll have 3,500 megawatts of solar panels.
Terra Solar Philippines, a unit of Terra Renewables Holdings, Inc., a renewable power subsidiary under billionaire Enrique Razon's Prime Infrastructure Holdings, Inc., will undertake the project in collaboration with Solar Philippines Power Project Holdings, Inc. that the planned facility will supply 850 megawatts to Manila Electric Co., the Philippines' largest power retailer, which distributes electricity in the capital and surrounding areas.
To put this into context, that's equivalent to what some nuclear power plants offer. The project will ensure its power is fully available during hours of peak demand, and the electricity generated will be enough to replace 1.4 million tons of coal or 930,000 liters of oil every year, according to computation made by Terra Solar.
And, with Solar Philippines Power Project Holdings helping construct the solar section, the project is slated to be completed in two stages in 2026 and 2027. However, a proposed location or cost haven't yet been made available in the statement. Overall, the statement describes the Terra Solar project as"a model of dependable renewable energy, which represents a stable price not subject to fuel imports volatility for the rest of its 20-year contract.
Today, renewables currently account for 29.1 percent of installed capacity in the Philippines and will surely be increased with the help of solar energy, which is further supported by the fact the countryis building the world’s largest solar power facility. Meanwhile, the world is on a similar path, with the world's largest solar-powered steam plant
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