- Renewables ramp up in the Philippines for ACEN continues as another solar development is underway, with completion expected by 2024
- 60 MW Pangasinan Solar will supply approximately 94 GWh of renewable energy per year, enough to power an estimated 55,000 households annually
- With a 98% renewable energy share, the milestone is a significant stride in ACEN’s aspiration to reach 20 GW of attributable renewables capacity by 2030
ACEN, the listed energy platform of the Ayala Group, is set to begin the construction of the 60 MW Pangasinan Solar farm, the first development of ACEN in Pangasinan, and the company’s second solar farm to commence major construction works this year, bringing the company’s attributable renewables capacity in the Philippines to ~1,600 MW for projects in operation and under construction
The ₱2.8 billion project will utilize ground-mounted solar photovoltaic panels, and will be directly connected to the grid through a 2-km transmission line to the NGCP 69kV San Manuel Substation.
Once operational, Pangasinan Solar is expected to generate 94 GWh of renewable energy per year, enough to power an estimated 55,000 homes and avoid approximately 58,369 metric tons of CO2 emissions annually. The project also aims to boost Pangasinan’s local economy with the creation of an estimated 1,000 jobs during the plant’s construction phase.
Jose Maria Zabaleta, chief development officer of ACEN, said: “We hit the ground running in 2023 with back-to-back projects commencing with construction here in the Philippines, and 700 MW capacity expected to start operations within the next 12 months. At ACEN, we know it’s a race against time and we need big leaps to help curtail potential power shortages and address climate change. As we aggressively scale up our clean energy generation and help the region transition to a Net Zero economy, we will continue to bolster our development arm to ensure a healthy pipeline.”
In December 2022, ACEN announced its acquisition of Sinocalan Solar Power Corp. through the signing of a deed of absolute sale of shares with Sungrow Power Renewables Corp. and Havilah AAA Holdings Corp. This allowed ACEN to fast-track the development of Pangasinan Solar, with a potential expansion of up to 100 MW.
Most recently, ACEN announced the adoption of a new corporate vision and strategy that targets 20 GW of attributable renewables capacity by 2030. With a strong balance sheet, robust pipeline, and a highly energized organization, ACEN is making significant strides toward accelerating the energy transition in the region.