juwi adds Philippines to regional reach
Germany's juwi group has expanded its regional reach to include the Philippines. The company will complete its first project in Mindanao, the second largest and southernmost major island in the Philippines. juwi has been selected as the EPC partner to build a ground-mounted, grid-connected utility scale solar PV power plant by the project's sponsors, an international developer and sector focused private equity fund. The solar farm is scheduled to be completed by early next year and will have an installed capacity of 6.25 Megawatt (MW). The plant's 20,500 photovoltaic modules will produce more than 9 million kilowatt hours of climate friendly electricity per year and will thus help to support the country's growing electricity needs, sustainably.
This first Solar PV Plant with more than 1 MWp capacity in Mindanao is a testament to how renewable energy can supplement day-time peak loads usage, as a viable alternative to traditional diesel power. According to the plant's owners, it will be one of the largest diesel replacement power plants when it is completed, given that 100% of its generated power will replace diesel-generated peak power.
Kai Klingenhagen, Business Development Manager for juwi in the Philippines, states, "Many regions in the country heavily depend on fossil fuels or diesel to generate electricity. Especially the island-region of Mindanao where load shedding and brownouts are prevalent, renewable energies such as wind and PV solar power can provide a clean, quick and cost-effective alternative."
Amiram Roth-Deblon, juwi Regional Director Asia-Pacific, adds, "The 6.25 MW Mindanao Solar PV Plant is our first project in the Philippines but there is already a well filled project pipeline and in the next weeks we are expecting to close several additional projects. We have been active in the Philippines since 2010 and have been working closely with developers, investors, local utilities and authorities to focus on realizing utility scale renewable energy plants where it is needed the most. The Philippines is one of the fastest growing economies in Asia with great potential for renewable energies."
Due to a projected power deficit forecast for 2015, the Government of the Philippines is currently increasing the volume of power generation from solar energy plants from 50 MW to 500 MW. Thus, solar power projects that fall below that threshold will be guaranteed rates of return for the duration of 20 years. The hike in in the installation cap was initiated in order to fight the countrywide shortfall of energy.
