One Power Corp., a company owned by the family of Rep. Mikee Romero,plans to expand its solar portfolio by another 300 megawatts until 2023.
“We are, of course, looking at seeking new SC [service contract] specifically in Luzon, targeting a capacity of 200 MW. We’re looking into a land somewhere in Batangas right now,” One Power Corp. representative Jomar Castillo said in a recent forum.
“We have been offered a number of projects in pre-development stage in the Visayas area with a capacity of 100 MW. If we trigger that acquisition, hopefully we can increase our capacity by another 100 MW by 2023,” he said.
Castillo said they were expecting to launch more solar projects in the future using new technologies to make the solar business more competitive and compete in the (competitive selection process of distribution utilities.
One Power also plans to expand the 28.59-MW Digos solar plant in Davao del Sur to 40 MW by the end of the year.
“We are expanding its capacity from 29 MW to 40 MW, hopefully by end of the year,” Castillo said.
“Hopefully, we can complete it in six to eight months We’re now in the process of looking for PV panels and selecting our EPC contractor,” Castillo said.
One Power subsidiary Fort Pilar Energy Inc. announced in September 2021 that it acquired Alterpower Digos Solar Inc. which owns the Digos solar plant, a facility that has been operating since March 2016, for P1.5 billion.
It acquired the facility from the joint venture of Hanwha Global Asset Corp. and Alterpower Specialist Inc.
Fort Pilar earlier said it would allocate P500 million to finance the Digos expansion.
“Our investment in a solar power plant in Mindanao reflects our firm belief that the growth of the Philippines lies in the development of our rural areas,” Fort Pilar chairperson Sheila Romero said.