Deal #10865

Land area

Size under contract (leased or purchased area)

[2023-12-27, current] 39.62 ha

Size in operation (production)

[current] 39.62 ha

Comment on land area

The area of operation is based from the estimation of google earth pro since there was no other information available as to the exact numbers of hectares involve. Date refers to the date in which ACEN acquired SSPC (Sinocalan Solar Power Corp.) as there is no other exact data. One source says that the Target Commercial Operation is for October 2024, but exact data as to when the solar park was connected on the grid is unknown. Source: SEC FORM 17-C (PDF) & Luzon Indicative Power Projects (PDF)

Intention of investment

[2023-12-27, current] Solar park (39.62 ha)

Comment on intention of investment

Date refers to the date in which ACEN acquired SSPC (Sinocalan Solar Power Corp.) as there is no other exact data. Source: SEC FORM 17-C (PDF)

Carbon offset project

No

Comment on carbon offset project

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

Nature of the deal

Concession

Negotiation status

[2023-12-27, current] Concluded (Change of ownership)

Comment on negotiation status

Philippines-based ACEN Corporation acquired Sinocalan Solar Power Corporation (SSPC), the developer of a 60 MWp solar park project in Pangasinan. Source: SEC FORM 17-C (PDF)

Implementation status

[2022] In operation (production)
[2024-10, current] Startup phase (no production)

Comment on implementation status

The official website from ACEN Corp. only informs that the project status is that it is still under construction and the target date for completion was 2024. On the other hand, one of the sources gave the exact date of October, 2024 as the date in which the solar park would start functioning. As for whether or not the park is active now in 2025 remains unknown. Source: acenrenewables.com & Luzon Indicative Power Projects (PDF)