AC Energy to develop 150 MW solar projects in Central Luzon

AC Energy Philippines, a subsidiary of the Ayala Corporation, is set to develop two new solar plants in Central Luzon with an aggregate capacity of up to 150 MW. 

The first project is a solar plant with up to 75 MW capacity located in Arayat and Mexico, Pampanga, with a project cost of up to PhP3.3 billion (US$67.83 million). The facility is expected to start its power generation in the fourth quarter of 2021, and is ACEN’s joint venture with Citicore Renewable Energy Corporation, with a 50% economic ownership.

The second project is another solar plant with up to 75 MW capacity located in Palauig, Zambales, and is fully owned by ACEN. The project cost will be up to PhP2.9 billion (US$59.61 million) and is expected to reach completion in the first quarter of 2022. It will be in close proximity to the 60 MW GigaSol Palauig solar plant, which was announced by the company early this year, and is currently under construction.

The developments will bring ACEN’s total Philippine projects under construction to 480 MW, which includes 330 MW of solar and 150 MW of peaking diesel plants.