Solar energy provider SP New Energy Corp. is set to break ground this year on the 3,000-hectare Nueva Ecija expansion project, dubbed as one of the world’s largest solar power plants.
SPNEC founder and president Leandro Antonio Leviste said the Nueva Ecija expansion project, which would house over 3,500 megawatts of solar power farms, would be wholly-owned by the company.
“This year we will break ground on the Nueva Ecija expansion project, which will be one of the world’s largest solar plants, which will be wholly owned or fully controlled by SPNEC,” Leviste said.
Leviste said the company secured 2,000 hectares of land between Bulacan and Nueva Ecija provinces and is on track to complete 3,000 hectares and convert the usage for the land to industrial use within the year.
Leviste said SPNEC used the proceeds from its recent capital raising activities and initial P2-billion capital infusion by Metro Pacific Investments Corp. to complete the land acquisition.
SPNEC is also starting to construct a transmission line to connect to National Grid Corporation of the Philippines’ substations that supply the Greater Manila Area.