Deal #10242

Land area

Size under contract (leased or purchased area)

[2019-01, current] 74 ha

Comment on land area

The Bacolod-based company, which is leasing the 74-hectare family-owned land for 25 years to the Korean firm, had secured a clearance from the Department of Energy (DOE) to conduct grid impact studies on the Vista Alegre property in early 2016.

Intention of investment

[2019-01, current] Solar park (75 ha)

Nature of the deal

Lease

Comment on nature of the deal

The Bacolod-based company, which is leasing the 74-hectare family-owned land for 25 years to the Korean firm

Negotiation status

[2016, current] Intended (Memorandum of understanding)
[2019-01-17] Concluded (Contract signed)

Comment on negotiation status

secured a clearance from the Department of Energy (DOE) to conduct grid impact studies on the Vista Alegre property in early 2016. President of Amatera Renewable Energy Corporation Mary Grace Helene Buhain with TPC Construction Corporation signed a memorandum of understanding (MOU) on January 17.

Implementation status

[2024, current] Startup phase (no production)

Comment on implementation status

Although the projected time of operation was in 2022, it was announced in 2024 that they had awarded AFRY for the solar instalation

Contract farming

No