The construction for the ₱7.5 billion Daanbantayan Solar Power Plant has begun in Cebu last March 16th. This Cebu-based Solar Power Plant is a 176 Megawatt (MW) renewable energy project and part of the government’s “green lane” initiative.
Acciona Energia Global partnered with Cebu provincial government for the solar power plant, this public-private partnership will provide generate around 280 gigawatt-hours of clean energy to 300,000 people and reduce 259,000 tons of carbon dioxide emission annually.
“This project highlights the tangible impact of the Green Lane program, showcasing its success in attracting investors, particularly in renewable energy. It serves as a meaningful milestone, paving the way for more projects that advance our mission to promote green investments and create job opportunities for Filipinos,” Department of Trade and Industry (DTI) Secretary and BOI chairperson Ma. Cristina Roque said.
Acciona Energia Global’s project, the largest solar plant under construction in the Visayas and has a peak capacity of 176 MW, the solar plant is slated to begin operations next year.
Acciona chairperson and chief executive officer José Manuel Entrecanales Domecq said “This plant is Acciona Energia’s first plant in the Philippines, and as you know, as have been repeated, the biggest under construction in the Visayas archipelago. This project supports the government’s goal of increasing the share of renewables in the energy mix, ensuring energy security, and promoting sustainable and inclusive economic growth.”
This article was originally published on allthingsev.net as ₱7.5-B Solar Project in Cebu starts construction.