Alternergy advancing to 500MW portfolio buildup with targeted Solana solar’s completion

At a glance

• The Solana solar installation, which is under Alternergy subsidiary Solana Solar, is the latest in the company’s pipeline that will be advancing to commercial development – and that will bring to five its current expanse of projects that are at construction phases.

Listed firm Alternergy Holdings Corporation is gaining traction on hitting the 500-megawatt scale on its portfolio buildup, with the targeted 2025 completion of its 28MW Solana solar power project in Hermosa, Bataan adding up to its well-calculated capacity growth.

The solar farm project which broke ground this week, will prompt the sponsor-firm “to issue the notice to proceed to construction immediately with a target completion by first quarter 2025,” according to Alternergy Chairman Vincent S. Perez.

On the amalgamated project-developments of the company across solar and wind technologies – including its 64MW Alabat wind project in Quezon and 112 Tanay wind farm in Rizal, Perez indicated that this will accelerate their target “to reach 500 MW of total generating capacity by 2026.”

The Solana solar installation, which is under Alternergy subsidiary Solana Solar, is the latest in the company’s pipeline that will be advancing to commercial development – and that will bring to five its current expanse of projects that are at construction phases.

“This is the third in a row of new renewable energy power projects breaking ground for the Alternergy Group in the past three months and brings to five the number of renewable energy power projects that are under construction this year,” the company emphasized.

Perez highlighted that Alternegy will be adding “a total of 204 MW of clean, renewable and sustainable capacity to the grid by end 2025 from our Alabat and Tanay wind power projects and the Solana solar power project.”

Groundbreaking activities for the Alabat and Tanay wind farms were successively carried out in May and June this year; and Alternergy indicated that “the construction team for these two projects have been mobilized and, on the ground since then.”

For the Solana solar project, in particular, Alternergy President Gerry P. Magbanua noted that this development has been moving progressively to fruition because of the acceptance and support of their host local government and communities in Bataan.

“The host communities of our projects are our immediate stakeholder and support. We look forward to continuing working with the Bataan province and Hermosa municipality as we move forward with the construction,” he stressed.

Additionally, Solar Pacific President Michael Lichtenfeld stated that the off-take agreement for the solar project that they cemented with Kratos Inc., the retail electricity supplier (RES) business unit of the Villar group, provided a major advantage because that will guarantee revenue stream once the facility reaches commercial operations in 2025.

On that power supply agreement with Kratos for the Solana plant, he expounded that Alternegy “looks forward to long-term partnership as generation of supply starts to become available by next year.”

Moving forward, Lichtenfeld conveyed that they are on “active lookout for new projects… and will be ready to file for new service contracts with the DOE (Department of Energy) once the moratorium is lifted. 

Originally published by Manila Bulletin