Buguey Lal Lo Solar PV Park is a 288MW solar PV power project. It is planned in Cagayan Valley, Philippines. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 288 | – | 288 | Permitting | Cagayan Valley, Philippines | AC Energy |
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Description
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The project is being developed and currently owned by AC Energy.
Buguey Lal Lo Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $404.64m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
About AC Energy
AC Energy Corporation (AC Energy) formerly is a renewable power generation company. The company owns, develops and operates geothermal, wind and solar energy plants. ACEPH is engaged in power generation, supply and trading; oil and mineral exploration, development and production. The company’s project portfolio includes Guimaras wind farm, Maibarara geothermal plant, and multiple thermal power units to supply ancillary power to the grid across Luzon and Visayas regions. The company works in partnership with retail electricity suppliers and other contractors in the geological and geophysical evaluation and engineering projects. AC Energy is headquartered in Makati, Manila, the Philippines.
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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.
