Deal #10730

The Project includes a Phase 1 and 2. The panels of Phase 1cover an area of 50.61ha based on polygons, but sources inform that the area of the project in total is 58ha. Date for size under contract refers as to when the land was acquisitioned by Gigasol, which purchased a land of 64ha from Crismin Realty Corporation back in 2018. However, they only used 58ha for Phase 1 of the project. Date in size of the operation refers to when the construction was completed. Phase 2 is under construction since 2022, no panels have been seen yet though google earth, but the Phase 2 will be spread in an area of 275ha near Phase 1's panels. Source: adb.org, acenrenewables.com, philstar.com & Regional: AC Energy Green Bond Project (PDF)

Date refers as to when all the agreements for the construction of the project were signed. Source: Regional: AC Energy Green Bond Project (PDF)

There is no clear evidence that states that ACEN Corp. completed this project as a carbon offset project.

In this case, land acquisition was voluntary being a commercial transaction between two corporate entities. The process complied with all national and local laws and there is no outstanding compliance issue. Gigasol3 bought the land (64ha) from Crismin Realty Corporation. Source: Regional: AC Energy Green Bond Project (PDF)

Date refers as to when the land was acquired by Gigasol3, however agreement days for the project happened in 2020-02-27. Source: Regional: AC Energy Green Bond Project (PDF)

Phase 1 was successfully connected to the grid on April 25th, 2021. Phase 2 was announced to start its construction in 2022 and is targeted to be completed by 2025 Sources: power-technology.com & modernenergy.management

Php 2390000000 - Price here recorded is based on the amount of money invested on the project and not the purchased price for the land, as the latter information was not found. Source: manilastandard.net/