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 2024. Buy the profile here.
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Description
The project is being developed and currently owned by SP New Energy. The company has a stake of 100%.
Penaranda Solar PV Park is a ground-mounted solar project.
The project is expected to generate 742,000MWh electricity to offset 565,440t of carbon dioxide emissions (CO2) a year.
The solar power project consists of 412,848 modules.
Development status
The project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by 2024.
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.
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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.
