Nexif Energy signs power supply deal for 75MWp project in the Philippines

Facebook
Twitter
LinkedIn
Reddit
Email
The Calabanga project is expected to be operational by the end of 2022. Image: Endesa.

Independent power producer Nexif Energy has secured a ten-year power supply agreement (PSA) for a 75MWp solar plant to be constructed in the Philippines.

The deal will see SN Aboitiz Power (SNAP), a joint venture between Philippine utility Aboitiz Power and renewables developer Scatec, purchase most of the electricity and green certificates generated by Nexif’s Calabanga solar farm in the Camarines Sur province.

Singapore-headquartered Nexif said its PSA approach is a solution to support new solar deployment in the Philippines, which is said to have been slow since the country’s feed-in tariff for new projects ended in 2016.

“This PSA with SNAP proves that well-developed renewable energy projects in the Philippines have an additional avenue for power sales through supporting electricity retailers in the contestable market,” said Nexif Energy co-CEO Surender Singh.

Nexif has entered into EPC and O&M contracts with PowerChina Huadong Engineering Corporation and PowerChina Philippines Corporation for the construction and maintenance of the Calabanga project, which is expected to be completed in the fourth quarter of 2022. 

Nexif said it is aiming to replicate its approach at Calabanga for future projects in the Philippines such as a 150MWp solar farm under development in the Western Visayas region.

Read Next

August 9, 2022
Renewables developer and operator Leeward Renewable Energy (LRE) has started the construction of a 196MW solar PV plant in London, Ohio.
August 2, 2022
Spanish utility Iberdrola has entered into an agreement for the acquisition of 98MW of solar and wind projects in Poland with Augusta Energy.
August 1, 2022
US renewables developer rPlus Energies has completed work on its first operating solar plant in Carbon County, Utah.
July 27, 2022
Independent power producer (IPP) Scatec has ramped up project development activity after witnessing its earnings fall by nearly 14% year-on-year.
July 21, 2022
French renewables company Voltalia’s Q2 revenues were up 26% year-on-year to €111 million (US$113 million) as its project development, construction and equipment procurement segment continued to grow.
July 20, 2022
A power purchase agreement has been signed for the output of a large-scale solar-plus-storage power plant in Arizona by municipal utilities and local authorities.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event