Meralco San Miguel Solar PV Park is an 80MW solar PV power project. It is located in Central Luzon, Philippines. The project is currently active. It has been developed in single phase. The project construction commenced in 2019 and subsequently entered into commercial operation in May 2021.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 80 | 80 | – | Active | Central Luzon, Philippines | PowerSource First Bulacan Solar |
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Description
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The project was developed by PowerSource First Bulacan Solar and is currently owned by MGEN Renewable Energy with a stake of 60%.
Meralco San Miguel Solar PV Park is a ground-mounted solar project which is spread over an area of 72 hectares.
The project generates 110,600MWh of electricity. The project cost is $88.8m.
Development Status
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By GlobalDataThe project construction commenced in 2019 and subsequently entered into commercial operation in May 2021.
Power Purchase Agreement
The power generated from the project is sold to Manila Electric under a power purchase agreement. The power is sold at the rate of $0.093kWh for a period of 20 years. The contracted capacity is 50MW.
Contractors Involved
SUMEC Complete Equipment & Engineering was selected to render EPC services for the solar PV power project.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
