SPNEC signs 10-year PSA for its 500 MW solar project in Central Luzon

Solar Philippines Nueva Ecija Corporation (SPNEC) has signed a 10-year renewable power supply agreement (PSA) with distribution utility Angeles Electric Corporation (AEC) for its 500 MW solar photovoltaic project in Central Luzon, currently the largest solar PV farm in the Philippines. 

The project will be constructed in the province of Nueva Ecija. Under the terms of the deal, SPNEC will supply power for an approximately 97.8-megawatt hour (MWh) per day to AEC from 6 a.m. to 6 p.m.

The PSA was conducted through a Competitive Selection Process (CSP) in support of the Philippines' Department of Energy’s (DOE) Renewable Portfolio Standard program.