CAGAYAN DE ORO CITY – A private energy company is poised to deploy 34,000 solar panels at its operational base in Misamis Oriental, projecting a 95 percent boost in power capacity for distributors across Mindanao.
Juan Eugenio Roxas, president and chief executive officer of FDC Utilities Inc., the power arm of the Filinvest Group, revealed that the renewable project, under FDC Green Energy Corporation (FDCGEC), identified opportunities for maximizing project output through comprehensive feasibility studies. This effort has resulted in an increased capacity from 11.5 megawatts (MW) to 19.78 MW.
We are excited to share the positive outcome of our feasibility studies, which have paved the way for the expansion of our first solar power project in Mindanao," stated Roxas in a Monday press release.
The initiative entails installing over 34,000 monocrystalline solar panels, injecting 30,450 MW-hours of clean energy annually into the grid. This contribution aligns with the Department of Energy's renewable portfolio standards, benefitting industry participants like electric cooperatives.
The FDC-Misamis power facility currently occupies around 84 hectares in the industrial complex of the Philippine Veterans Investment Development Corporation (Phividec) in Villanueva, Misamis Oriental. Of this, 40 hectares are utilized for the administration building and coal-fired power plant.
Last year, Phividec and FDC Utilities inked a registration agreement for the solar project. FDCGEC subsequently expanded its land lease agreement with the Phividec Industrial Estate, incorporating an additional 7.2 hectares to the existing 11.65 hectares allocated for the project.
In a recent agreement signing between the two entities, plans were outlined for the construction of the FDC Solar Photovoltaic Power Project, targeting an additional 10 MW of electricity production. (PNA)
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