Deal #10366

Philippines
Created at
2024-06-04
Last update
2024-08-15

Land area

Intended size
62 ha

Intention of investment

Intention of investment
  • [2021, current] Solar park (62 ha)

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
The project is located on approximately 62 hectares of land near Barangay Sta. Rosa in Region III, Philippines, approximately 110 km north of Manila. Sta. Rosa Solar, a joint venture of Mabalacat Solar Philippines and Sindicatum, entered into 25-year lease agreements for the land required for the plant, and an easement agreement for the transmission line.

Negotiation status

Negotiation status
  • [current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2019, current] Startup phase (no production)
  • [2021] In operation (production)
Comment on implementation status
As of quarter 4, 2019, the project has reached financial close and is currently under construction. The plant went into operation in 2021

Contract farming

Contract farming
No