Citicore Renewable to add solar power plant of 680 MW in Philippines

Philippines’ largest solar power producer Citicore Renewable Energy Corporation is all set to add a solar power plant of 680 MW in its portfolio.

This peak Batangas solar plant will be built in Tuy, Batangas. It will be built under two phases over a period of 2 years.

The company informed that the plant will be based on a 5,000,000-square-meter lot. The project has an investment of P21.6 billion solar plant.

The solar power plant will start the commercial operations in 2024, it further stated.

“Citicore has the commitment to develop and invest in more solar plants over the long term and increase the country’s renewable energy potential. We have increased our solar energy project pipeline by more than three-fold, from 1.5 Gigawatts to 5GW in the next 5 years,” Oliver Y. Tan, Citicore CEO, was quoted in a statement.

He added that the company also invests in the battery energy storage (BESS).

This initiative is “to extend the solar energy’s life beyond daytime and provide more competitive alternatives for end-users,” the statement reads.