Nexif Ratch Energy Announces Commercial Operation of the 74 MWp Calabanga Solar Project in the Philippines
07 Agosto 2024 - 3:06AM
Business Wire
Nexif Ratch Energy (NRE), a leading independent power producer
focused on renewable energy solutions, is pleased to announce that
the Calabanga Solar Project (CARE) located in Camarines Sur, South
Luzon, Philippines, has successfully reached commercial operation
on August 5, 2024. This milestone followed the completion of a
rigorous testing and commissioning process conducted by the
National Grid Corporation of the Philippines.
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 revenue streams.
NRE is committed to the Philippine renewable energy market,
currently developing the 145MWp 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.
Mr Cyril Dissescou, CEO of Nexif Ratch Energy 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, contributing to the
Philippines' renewable energy objectives.”
Mr Surender Singh, Chairman of Nexif Ratch Energy said,
“We appreciates the support 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.”
For more information about NRE and its projects, visit
www.nexifratch.com.
About Nexif Ratch Energy:
NRE is a renewable energy company that originates, acquires,
develops, constructs, and operates clean-energy power projects in
the Asia Pacific region. Headquartered in Singapore with regional
offices across Southeast Asia, the Company has a 378 MW portfolio
of operating, under construction and shovel ready hydro, solar and
wind assets and a development pipeline of wind, solar, and energy
storage projects totaling over 6 GW.
NRE is owned 51% by Nexif Energy (Singapore) and 49% by RATCH
Group (Thailand).
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version on businesswire.com: https://www.businesswire.com/news/home/20240806973433/en/
Chariya Poopisit Nexif Ratch Energy info@nexifratch.com