Deal #10245

Philippines
Created at
2024-02-26
Last update
2024-08-07

Land area

Intended size
30 ha
Size in operation (production)
  • [2016-03, current] 30 ha

Intention of investment

Intention of investment
  • [2016-03, current] Solar park (30 ha)

Negotiation status

Negotiation status
  • [2021-09-08, current] Concluded (Change of ownership)
Comment on negotiation status
FORT Pilar Energy, Inc., a firm owned by the family of House Deputy Speaker Michael “Mikee” L. Romero, has spent P1.5 billion to acquire Alterpower Digos Solar, Inc. (ADSI), which runs a 28.59-megawatt (MW) solar plant in Digos, Davao del Sur.

Implementation status

Implementation status
  • [2016-03, current] In operation (production)
  • [2021] Startup phase (no production)
Comment on implementation status
Operation began in 2016; according to reports, after the acquisition of ADSI, the re are plans to expands its capacity to 40 MW.targeted operation was april 2024 but there has been no reports of its full operation at 40MW

Contract farming

Contract farming
No