Solar Philippines, through its new venture, Solar Energy Zones Inc. (SEZ), will soon develop 10,000 hectares of land in Luzon as solar parks where other power companies in the country can build solar projects and share common solar facilities.
Taking the solar parks in India as inspiration, Solar Philippines intends to further reduce barriers to entry in the solar energy industry to ensure that solar becomes the top source of clean energy in the country.
Currently, the company is constructing a 500-MW solar project through its wholly-owned unit Solar Philippines Nueva Ecija Corp. (SPNEC), which is conducting an initial public offering to fund the initial phase.
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