Korean player to help deploy utility-scale PV plant in the Philippines

Facebook
Twitter
LinkedIn
Reddit
Email
The solar scheme on Negros island is set to require total investments of 2 billion Philippine pesos, around US$38 million (Image credit: Marco Verch / Flickr)

Deal documents have been signed for the Philippines to add a utility-scale solar project towards the southwest, a plant set be deployed by a foreign construction player.

Government news agency PNA recently hailed the inking of a memorandum of agreement (MoA) for a 50MW solar project near Bacolod City, on the western island of Negros.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Rubberstamping the deal were South Korean firm TPC Construction Corp and local counterpart Amatera Renewable Energy Corp, which is to lease 74 hectares of land for 25 years.

TPC is now poised to start the search for investors to back the scheme in the Vista Alegre village, meant to cost 2 billion Philippine pesos (US$38 million, based on current rates).

Construction will start within a year and incorporate “Korea’s superior technology,” TPC’s president Charles Ji said in the government release. 

“As a Korean, it was very difficult to do business in the Philippines, but I feel infinite pride in being able to do an MoA of solar energy business today,” Ji remarked at the signing ceremony.

“We will prepare thoroughly to ensure that construction and operation will not be disrupted,” TPC’s president added. Earlier statements indicate the promoters will hire locals during the building process.

The MoA signing follows the inking of a memorandum of understanding in February this year. On-site grid impact studies at the Vista Alegre property were green-lighted by the Philippine’s Department of Energy in 2016.

The 50MW project looks set to add a utility-scale boost to the Philippines’ solar PV market, said by IRENA to boast an installed capacity of 886MW last year.

So far this year, the island nation has marked progress with PV projects including Petrosolar’s 20MW scheme on Luzon Island, an extension to an already up-and-running 50MW installation.

The country – home since the summer to an operational 200kW floating system – has also been busy debating the awarding of a PV mini-grid franchise to developer Solar Philippines.

Read Next

Premium
September 2, 2025
In August 2025, the final month of Australia’s winter, utility-scale and rooftop solar PV generation in the National Electricity Market (NEM) saw a dramatic 22.5% month-on-month increase to 3,338GWh.
September 1, 2025
Sembcorp Solar Singapore has won a tender to develop an 86MWp floating solar PV project on Pandan Reservoir. 
September 1, 2025
General Corporation for Electricity Transmission and Distribution has signed a deal with Syrian-Turkish Energy Company (STE) to build a 100MW solar plant in Kafr Behm, Hama Governorate.
September 1, 2025
Solar Organic Centro España is planning to build a 10GW solar module and battery manufacturing facility in the Spanish autonomous community of Castilla-La Mancha.
September 1, 2025
Australia’s National Electricity Market (NEM) hit a record high for the combined utility-scale solar PV and wind share in the electricity mix on 30 August.
September 1, 2025
Meridian Energy and Nova Energy have completed agreements to establish a 50-50 joint venture (JV) to build and operate the 400MW Te Rahui solar PV power plant near Taupō, New Zealand.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
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