ET Solar to build 70 MWp solar plant in the Philippines

Facebook
Twitter
LinkedIn
Reddit
Email

ET Solar has agreed to build a 70MWp solar power project in the Philippines with local partner, renewable energy developer Gate Solar Philippines.

The two companies will finance, construct, operate and invest in the project, which is ET Solar’s first in the Philippines.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Construction is expected to start in the final quarter of this year and commercial operation is expected to be achieved in March 2016. ET Solar will be the co-development partner and technology sponsor, as well as the investor in the project.

Dennis She, president and chief executive of ET Solar, said: “This is yet another large-scale project in Asia. It demonstrates our ability to handle every aspect of utility-scale solar plants from planning and financing, through construction, and all the way downstream to O&M. With our integrated capabilities and global experience, we are able to achieve the lowest possible LCOE.

He said that the company was not only competing against other players for the contract, but also racing against time to be eligible for the highest tariff rate.

He added: “Once again, our ability to integrate all the required resources and move faster than other companies got us to the finish line first.”

The news follows ET Solar’s securing turnkey EPC services for a 50MWp solar power plant in Israel earlier this month.

Market research firm has tipped the Philippines as one of the emerging markets to watch in 2015.

Read Next

September 18, 2025
CERC is finalising guidelines for virtual power purchase agreements (vPPAs) to unlock financing for over 40GW of uncontracted renewable capacity.
September 18, 2025
The capacity of virtual power plants in operation in North America has reached 37.5GW, a 13.7% year-on-year growth, according to Wood Mackenzie.
September 18, 2025
The Canadian Renewable Energy Association (CanREA) has forecast that Canada will add between 17GW and 26GW of solar PV over the next decade.
September 18, 2025
Researchers have called for enhanced international standards to detect ultraviolet-induced degradation (UVID) in PV modules after identifying “severe” levels of the problem in operational n-type panels.             
September 18, 2025
Indian PV makers have welcomed the government’s plan to add solar wafers to its ALMM List-III from June 2028.
September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA