Laguindingan Solar Power Project is a 20MW solar PV power project. It is planned in Northern Mindanao, Philippines. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024. Buy the profile here.
Description
The project is being developed and currently owned by Liberty Solar Energy. The company has a stake of 100%.
Laguindingan Solar Power Project is a ground-mounted solar project which is planned over 26.87 hectares.
The project is expected to generate 28,000MWh of electricity. The project cost is expected to be around $40.604m.
Development status
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
Power purchase agreement
The power generated from the project will be sold to Cagayan Electric Power & Light under a power purchase agreement. The power will be sold at the rate of $0.178kWh for a period of 25 years. The capacity to be procured is 16MW.
For more details on Laguindingan Solar Power Project, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
