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    Prime Infra Unveils Plan For Solar-Plus-Storage Project In Philippines


    June 9, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Prime Infra Unveils Plan For Solar-Plus-Storage Project In Philippines

      • 09 Jun 2022
      • Philippines
      • Infrastructure

      News: Prime Infrastructure Holdings (Prime Infra) has unveiled plans to develop a solar-plus-storage project in the Philippines, with capacity of between 2.5GW and 3.5GW. The proposed facility will feature a battery energy storage system with capacity of between 4GWh and 4.5GWh. Terra Solar Philippines, a unit of Terra Renewables Holdings, will deliver the project. Manila Electric will purchase around 850MW of output from the facility as part of a 20-year power purchase agreement. According to the agreement, around 600MW will be operational in 2026, while the overall project will be complete in 2027, according to a press release from Prime Infra.

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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