Aboitiz Power Corp. will begin the commercial operation of its second solar power project in the province of Pangasinan in June 2023.
Recently, the firm said through PV Sinag Power Inc., a special purpose vehicle of its unit Aboitiz Renewable Inc. (ARI), the 159 megawatts-peak (MWp) Laoag and Laoag 2 Solar Project in Barangay Laoag, Aguilar, Pangasinan will have a capacity to produce 261 gigawatts-hour of clean energy annually. This is equivalent to the power consumption of around 100,000 households in a year.
AboitizPower said the bulk of the generation from the solar power plant will be contracted to a retail company for 20 years.
PV Sinag Power recently awarded the Engineering, Procurement and Construction contracts to SUMEC Complete Equipment and Engineering Co., Ltd. for the Laoag unit and Hansei Corporation for DC and AC for the Laoag 2 unit.
Last February, AboitizPower started the construction of the 94-MW solar power project in Cayanga, Bugallon, Pangasinan, which is targeted to be delivered by Q4 2022.
Its second power venture is 14 kilometres away from the Cayanga-Bugallon project.