Penaranda Solar PV Park is a 500MW solar PV power project. It is planned in Central Luzon, Philippines. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the under construction stage. It will be developed in multiple phases. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in 2023. Buy the profile here.
The project is being developed and currently owned by SP New Energy.
Penaranda Solar PV Park is a ground-mounted solar project.
The project is expected to generate 742GWh of electricity. The project cost is expected to be around $702.5m.
The solar power project consists of 412,848 modules.
The project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by 2023.
Power purchase agreement
The power generated from the project will be sold to Angeles Electric under a power purchase agreement for a period of 10 years. The offtake capacity is expected to be 97.8MWh.
For more details on Penaranda Solar PV Park, buy the profile here.
About SP New Energy
SP New Energy Corp (SP New) is engaged in generation and distribution of renewable energy power. The company is headquartered in Makati City, Philippines.