[historic project, business model EPC]
Conergy and PetroSolar Corporation, a company owned by PetroGreen Energy Corporation (PetroGreen) and EEI Power Corporation (EEIPC), held the inauguration of the Tarlac SolarPower Project (TSPP) on March 3, 2016.
Alexander Lenz, CEO of Conergy said, “The TSPP is the second solar farm that Conergy has executed in Luzon and our first with Petrosolar. We are proud to have been able to deliver this project in four and a half months, a record not only for our company but for solar farm execution in South East Asia in general. This result was made possible through Conergy’s extensive global and regional track record and the excellent working relationship with Petrosolar.”
The TSPP energy facility covers 55 hectares of industrial land within the PEZA-registered Central Technopark in Tarlac City. It will provide clean energy to approximately 31,700 households, saving over 47,800 tons of CO2 emissions every year.
PetroSolar President Milagros V. Reyes declared, “We made the right choice in teaming up with Conergy for the Tarlac Solar Power Project. When we decided to go into solar energy and to form PetroSolar, we knew that we had to select the right partners for our vision to have a greener Philippines. We are optimistic that the project will be granted the Feed-In-Tariff for solar projects by the DOE and the ERC as we were able to complete this facility within the prescribed time frame and comply with all the technical and regulatory requirements.”
Situated in the central plains of Luzon, Tarlac is highly favorable for PV development. The TSPP is also expected to perform very well as it utilizes the same solar solutions Conergy has deployed in its other projects in the country. To ensure the efficient operations and maintenance of the TSPP, Conergy is also providing technical and consultancy services to Petrosolar together with a local service contractor.
