Prime Infra announces 2.5 GW/4 GWh solar plus storage project in the Philippines
Post date: 09/06/2022 - 15:15
The Philippines is set to host one of the world’s largest hybrid photovoltaic and battery storage power plants in the coming years. According to an announcement by Prime Infrastructure Holdings, Inc (Prime Infra), an investment company owned by Philippine billionaire Enrique K. Razon, Jr, a PV capacity of 2.5 to 3.5 gigawatts will be combined with 4.0 to 4.5 gigawatt-hours of storage capacity. The company did not provide details on the investment amount, technical design or location.
The project is to be carried out by Terra Solar Philippines (Terra Solar), part of Prime Infra-controlled Terra Renewables Holdings, Inc. Also involved is Solar Philippines Power Project Holdings, Inc. Terra Solar will provide 850 megawatts of power from the hybrid plant to utility Meralco (Manila Electric Company). Terra Solar submitted a corresponding bid at the beginning of the year and has now been awarded the contract in a process confirmed by the Philippine Department of Energy. 600 megawatts are to be ready by 2026, the remaining 250 megawatts by 2027.