Philippine Renewables, Inc. (PHRI), a subsidiary of Global Business Power Corporation (GBP), recently celebrated the groundbreaking ceremony of its first solar power plant in Baras, Rizal. With a capacity of 115 MW peak, the project is expected to commence commercial operations in 2022.
PHRI’s solar project marks GBP’s entry into the renewable energy market. As a leading power generator in the Visayas and with operations in the fast-growing Mindanao market, the solar plant is located within a 135-hectare area inside the Philippine Communications Satellite Corporation’s (PHILCOMSAT) grounds in Rizal allows GBP to finally service the three major islands of the country.
“We have worked together with our partners to aid the growing demand for cleaner and affordable power supply. In response to the government’s push for renewable energy, we have persevered to finally commence construction of this timely project to fuel the nation’s progress,” GBP President Jaime T. Azurin said during the plant’s recent groundbreaking ceremony.
Three firms, namely: China Energy Engineering Group Guangdong Electric Power Design Institute Co., Solenergy Systems, Inc., and China Energy Engineering Co., Ltd. Are in charge of the design, engineering, procurement, and construction of the solar facility.
GBP said its entry into the RE space is in line with One Meralco Group’s long-term sustainability agenda, which covers renewable energy project development and sourcing.
Manila Electric Co. (Meralco) Chief Executive Officer and President Ray C. Espinosa said that the group aims to shift to cleaner fuel sources by sourcing 1,500 MW of its power requirements from RE in the next five years.
GBP is a wholly-owned unit of Meralco PowerGen Corp., which is the power generation arm of listed distribution utility Meralco, an electric power distribution company in the Philippines.