Korean firm opens Ilocos solar farm

Ariel Paolo Tejada - The Philippine Star

DINGRAS, Ilocos Norte, Philippines – Another solar farm went online in Ilocos Norte on Monday.

The one-megawatt solar farm is the first renewable energy project of Korean company Bosung Powertec Phils. Inc. in the country constructed under a build-operate-transfer scheme.

Moon Jiang, president of Bosung Powertec, said the 1.6-megawatt solar plant worth $3 million is expected to provide additional revenues of P11 million annually.

“The break-even point to recoup our investment is assumed to be at 12 years. We will then turn over all the facilities to INEC (Ilocos Norte Electric Cooperative) free of charge and as scheduled by mutual agreement,” Jiang said.

Felino Herbert Agdigos, INEC general manager, said the solar farm would make the cooperative less dependent on coal and minimize its carbon footprint.

“This will definitely improve voltage quality in the province because of the project’s proximity to our distribution system, which will enhance system efficiency and power quality,” Agdigos added.

Ilocos Norte has two other existing solar plants – a 7.9- MW facility established by Energy Development Corp. in Burgos town and a 20-MW plant of Soleq Philippines Inc. in Currimao town.                   

  • Latest
  • Trending
Are you sure you want to log out?

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

or sign in with
no session for state
no session for code
no session for id_token
no session for user