Renewable Energy
The renewable energy projects of the Company will be pursued mainly through its subsidiary Menlo Renewable Energy Corporation (MREN) and other affiliates.
60 MW Naga Solar Project
MREN will develop at least 60MW solar power plant within its property in Naga City, Cebu that can either supply electricity to the Visayas grid and/or offer its production to large power consumers within and around Southern Cebu. The project is currently in its pre-development phase and the development thereof is estimated at PhP3 billion.
100 MW Clark Solar Project
The Bases Conversion and Development Authority (BCDA), Sunray Power, Inc. (SPI) and Menlo Renewable Energy Corp. recently launched a partnership that will develop a 100MW solar power plant inside the Clark Green City in Tarlac. The large solar power project will generate power to be consumed by the locators of the Clark Green City and the development thereof will be worth at least Php11.75 billion.
50 MW Palo Solar Project
MRC has acquired a 15 percent stake in the 50 megawatt Sulu Electric Power and Light Philippines Inc. (Sepalco) Solar Project in Palo, Leyte for $5 Million or Php255 million.
Php8 B
Budgeted Investments
2017
Naga, Cebu
Within the ecozone, MRC also plans to develop its 60 megawatt solar power plant that can either supply electricity to the Visayas grid and offer its power to consumers within and around Naga City, Cebu.
On December 23, 2015, the Department of Energy issued the RE Service Contract for the Naga Solar Project. The solar farm is currently in its pre-development phase.
Refer to New Cebu Township One (NCTO) for related discussion.
News & Features:
Clark Green City
The Sunray’s 100MW Solar Power Project will stand as a renewable energy facility that BCDA and SPI hope will serve as a motivating force for more green and smart technology development centers to come about.
BCDA is implementing the Clark Green City Project, a flagship project of the government. Clark Green City, a metropolis spanning 9,450 hectares, is set to rise within the 36,000-hectare property north of the Clark Freeport and Special Economic Zone.
Sunray has a lease agreement with BCDA for two hundred sixty (260) hectares in Clark Green City for the solar project. Once fully completed, Clark Green City is expected to be home to 1.2 million residents and will open the doors to around a million jobs. Clark Green City is predicted to contribute P1.57 trillion a year to the national economy, an almost 4% share of the country’s GDP.
News & Features:
- BCDA partners with Sunray Power, Inc. for P11.75-billion solar project
Palo, Leyte
MRC has acquired a 15 percent stake in the 50 megawatt Sulu Electric Power and Light Philippines Inc. (Sepalco) Solar Project in Palo, Leyte. Touted as the biggest solar project in Region eight, the Sepalco Solar Project has been operating since 2016.
Sepalco, which lies on a 70-hectare property in Palo, Leyte, has a total of 188,000 solar panels and is connected to the existing 69 kilovolt transmission line of the National Grid Corp. of the Philippines (NGCP) in the province.
The solar project is designed for 25 years, boosting its potential as a major solar provider in the country in the coming years.
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