The Board of Investments (BOI) in the Philippines has given a ‘green lane certificate’ for a solar and storage project said to be the largest in the world, enabling it to proceed at a quicker pace.
The BOI has given the certificate to the Terra Solar project, which plans to pair 3,500MW of solar PV with a 4,500MWh battery energy storage system (BESS).
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
The project is being developed by Terra Solar Philippines, Inc. (TSPI), which is co-owned by independent power producer (IPP) SP New Energy Corporation (SPNEC) and utility Manila Electric Company (Meralco). The green lane certificate was received by Emmanuel Rubio, president and CEO of Meralco subsidiary MGen.
Terra Solar would span 3,500 hectares of land in the Bulacan and Nueva Ecija provinces and would cost PHP185 billion (US$3.2 billion). The project would be the largest in the world by capacity, in terms of solar, BESS and both technologies combined.
Read the full version of this story on our sister site, Energy-Storage.news.
