Philippine Prime Infrastructure Holdings, controlled by Philippine billionaire Enrique Razon Jr., has unveiled plans to build the world’s largest solar power facility, with a capacity of between 2,500 and 3,500 megawatts. The facility will also include a 4,000- to 4,500-megawatt-hour battery energy storage system, which will primarily be used to power the country’s main electricity provider, Manila Power Company (Meralco), and to facilitate the supply of renewable energy in the country. nation. The project will be jointly developed by Terra Solar Philippines, a subsidiary of Prime Infrastructure’s subsidiary Terra Renewables Holdings, and Solar Philippines Power.
Philippine Prime Infrastructure Holdings, controlled by Philippine billionaire Enrique Razon Jr., has unveiled plans to build the world’s largest solar power facility, with a capacity of between 2,500 and 3,500 megawatts.
The facility will also include a 4,000- to 4,500-megawatt-hour battery energy storage system, which will primarily be used to power the country’s main electricity provider, Manila Power Company (Meralco), and to facilitate the supply of renewable energy in the country. nation.
The project will be jointly developed by Terra Solar Philippines, a subsidiary of Prime Infrastructure’s subsidiary Terra Renewables Holdings, and Solar Philippines Power Project Holdings, Southeast Asia’s largest solar company founded by Filipino entrepreneur and businessman Leandro Leviste.
Replacing 1.4 million tons of coal per year
Terra Solar said it will ensure the project’s electricity is fully available during peak demand periods. The company has negotiated a 20-year power supply agreement with Meralco that will provide 850 megawatts of solar power annually, which will replace about 1.4 million tons of coal or 930,000 liters of oil per year.
“Prime Infra has found the perfect time to pursue solar as we take advantage of the dramatic decline in installation costs over the past decade and improved battery energy storage system technology, which allows us to build economically vital and socially relevant at a global scale infrastructure like never before,” said Guillaume Lucci, President and CEO of Prime Infrastructure.
