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January 10, 2022

Laoag Solar PV Park, Philippines

By Carmen

Laoag Solar PV Park is a 167MW solar PV power project. It is planned in Ilocos, Philippines. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 167 167 Permitting Ilocos, Philippines Aboitiz Power

Description

The project is being developed and currently owned by Aboitiz Power. The company has a stake of 100%.

Laoag Solar PV Park is a ground-mounted solar project.

The project cost is expected to be around $90.025m.

Development Status

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The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.

About Aboitiz Power

Aboitiz Power Corp (Aboitiz Power) a subsidiary of Aboitiz Equity Ventures Inc is a holding company that operates privately-owned generation companies and distribution utilities. It generates power from hydropower, geothermal, coal, and oil. The company sells its capacities and energy through bilateral power supply agreements with National Power Corporation, private distribution utilities, electric cooperatives, retail electricity suppliers and other large end-users, and through wholesale electricity spot market. Aboitiz Power offers various value-added services include power factor, thermal scanning, and power quality analysis. It supplies electricity to franchise areas across cities and municipalities in Luzon, Visayas and Mindanao. Aboitiz Power is headquartered in Taguig, Metro Manila, Philippines.

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.

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