Deal #10206

Philippines
Created at
2024-01-31
Last update
2024-06-27

Land area

Intended size
72 ha
Size in operation (production)
  • [2021-05, current] 72 ha

Intention of investment

Intention of investment
  • [2019, current] Solar park (72 ha)

Nature of the deal

Nature of the deal
Outright purchase

Negotiation status

Negotiation status
  • [2019-06] Intended (Expression of interest)
  • [current] Concluded (Contract signed)
Comment on negotiation status
In June 2019, MERALCO made the first announcement that it would join the shift to renewable energy and it will adopt sustainable practices for the One MERALCO Group

Implementation status

Implementation status
  • [2019-12] Startup phase (no production)
  • [2021-05-12, current] In operation (production)
Comment on implementation status
Construction activities for the plant started in December 2019. It commenced commercial operations in May 2021

Contract farming

Contract farming
No