Filinvest powers on 20.7-MW solar park

The Filinvest Group has switched on its P1-billion solar park in Misamis Oriental, as the Gotianun-led firm’s first large-scale solar asset.

The 20.774-megawatt-peak facility—located at the PHIVIDEC Industrial Estate in Tagoloan—is also touted as the first utility solar power plant in the local market that is paired to a thermal, baseload power plant.

The project was developed by the group’s power arm, FDC Utilities Inc., through the latter’s subsidiary FDC Green Energy Corp.

“We are thrilled to officially bring our first utility-scale solar project online to support the country’s aggressive green energy targets,” said Juan Eugenio Roxas, president and CEO of FDC Green.

“Our facility utilizes advanced bifacial solar panels to capture sunlight on both the front and back surfaces, resulting in a higher energy yield, generating 30 percent more energy than conventional panels,” he said in a statement.

The company said the facility is designed to generate about 30.2 million kilowatt-hours of electricity every year.

The project holds a 25-year energy operating contract with the Department of Energy.

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“Solar energy is not a promise. It is already here, already working, already delivering,” Energy Secretary Sharon Garin said at the inauguration ceremony.

Roxas earlier said two more projects located in the Soccksargen region were set to start construction this year.

FDC Utilities has also been participating in the government’s green energy auction program.