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San Carlos Sun Power Inc. said it is on track to completing a 59-megawatt solar power project in San Carlos City, Negros Occidental by January this year.
SaCaSun is a joint venture company of SunEdison Philippines Helios BV and Aboitiz Renewables Inc., the holding company of Aboitiz Power Corp.’s investments in renewable energy.
“It should be ready by January,” Aboitiz Power president and chief operating officer Antonio Moraza said.
He said the solar project would start commercial operations by January, ahead of the March 2016 deadline for eligibility to the feed-in tariff.
SaCaSun earlier signed a loan agreement with BDO Unibank, Inc. to secure a P3.7-billion loan to finance the solar plant.
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