Nexif Ratch Energy (NRE) said this milestone followed the completion of a rigorous testing and commissioning process conducted by the National Grid Corporation of the Philippines.
The Calabanga Solar Project (CARE) is a 74.2 MWp ground-mounted solar PV project and the first utility-scale solar power project in the Bicol Region, delivering clean energy to the national grid. CARE will sell most of its electricity production through a 10-year power supply agreement with a subsidiary of Aboitiz Power Corporation Group, ensuring stable and sustainable revenue streams to NRE.
NRE is committed to the Philippine renewable energy market, currently developing the 145 MWp NPSI solar project in Visayas as well as advancing the development of several wind energy projects including the San Miguel Bay nearshore wind project with a capacity of up to 500 MW and the Lucena offshore wind project with a capacity of up to 450 MW.
NRE CEO Cyril Dissescou said “We are delighted to announce the successful commercial operation of the Calabanga Solar Project, our first operating project in the Philippines. CARE demonstrates our commitment to delivering reliable and sustainable energy solutions and to contributing to the Philippines’ renewable energy objectives.”
NRE Chairman Surender Singh said “We appreciates the support we received from the Government of the Philippines and collaboration of our partners, lenders, and the local communities in Camarines Sur. With COD of the CARE and the strong progress we are making on other projects in target markets we remain track on our planned growth trajectory”.
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