Trinasolar International Systems Business Unit (ISBU), the project development arm of China’s Trinosolar Co. Ltd., signed a 20-year power purchase agreement (PPA) with AdventEnergy Inc., the retail electricity supply arm of Aboitiz Power Corp., for the 49.9-megawatt alternating current (MWac) Mabini solar project in Pangasinan.
The solar power project is scheduled for commercial operations in the third quarter of next year and is expected to generate 110.84 gigawatt hours (GWh) of electricity in its first year, equivalent to the annual energy consumption of over 24,000 households. This project is expected to reduce 76,549 tons of carbon dioxide emissions annually.
The Mabini solar project earlier secured a green lane certification from the Board of Investments (BOI). The certification aims to fast-track permitting and licensing for strategic energy investments.
‘The Mabini Solar Project shows what can be achieved through strong cooperation between the Advent and Trinasolar,’ said Trinasolar ISBU Southeast Asia Country Manager Derek Wang. ‘Together, we are advancing the country’s renewable energy goals and creating lasting value for local communities.’
Wang signed the PPA with AdventEnergy Assistant Vice President for Retail Operations Rence Pazcoguin, Vice President for Retail Operations and Portfolio Management John Davis Mangubat, President James Byron Yu.
‘We look forward to working hand-in-hand with Trina Solar as we bring a stronger and more sustainable energy future to our customers and deliver lasting impact to the industries we serve,’ said Yu.
Filipino renewable energy (RE) developer Spotlight Power, Inc. is the developer of the Mabini solar power project, with support from Trina Solar.
Last March, AboitizPower said it has set aside P78.1 billion for capital expenditures (capex) this year, majority of which will be used to expand its renewable energy (RE) portfolio, aligning with its goal of increasing its clean energy capacity to 4,600 MW by 2030.
The company said it will continue to make huge bets on RE. Last year it set aside 72 percent of its capex budget of P73 billion for clean energy projects.
These include the 159-MWp Laoag solar project in Pangasinan, the 17-MW Tiwi binary geothermal plant in Albay, the 45-MWp Armenia solar project in Tarlac, and the 173-MWp Calatrava solar project in Negros Occidental.