World Largest Solar Project in Philippines, by SP New Energy Corporation

Technology News ,Philippine :- In a groundbreaking announcement, SP New Energy Corporation (SPNEC) declared the commencement of what is touted as the "world largest solar project" within the Philippines. Spearheaded by its subsidiary, Terra Solar Philippines, Inc., the ambitious venture is already underway, with land clearing operations initiated across 3,500 hectares in Nueva Ecija and Bulacan, according to a statement from SPNEC Vice Chairman, Leandro Leviste.

Highlighting the magnitude of the endeavor, Leviste revealed plans for the installation of over 5 million solar panels. Concurrently, efforts to establish the project interconnection with the national grid are in progress. Leviste emphasized the commitment to delivering the first phase of the project by the first quarter of 2026, prompting an acceleration of site clearing activities.

The focal point of the Terra Solar project will be Peñaranda, Nueva Ecija, with SPNEC having already completed the installation of solar panels for the initial developments in the same town, as stated in the official release.

With a staggering goal of achieving 3,400 megawatts of solar panel capacity and 4,000 megawatt-hours of battery storage, the project represents a significant investment of P200 billion by SPNEC. Once operational, it is projected to generate approximately 5 billion kilowatt-hours annually, equivalent to an estimated 5% of the total Philippine grid volume and 12% of the nation total energy demand.

In an ambitious comparison, SPNEC asserted that upon completion, the Terra Solar project would surpass the capacities of India Bhadla Solar Park and China Golmud Solar Park, currently recognized as the world largest solar farms, each with over 2.2 gigawatts. Furthermore, the project is anticipated to outstrip the combined capacity of all grid-connected solar projects in the Philippines, totaling over 1.5 gigawatts, according to figures from the energy department.

This monumental initiative comes on the heels of MGen Renewable Energy, Inc. (MGreen) solidifying its P15.9-billion investment in SPNEC on December 27, 2023, further signaling the commitment and financial backing behind this transformative solar undertaking.