ET Solar has announced plans to jointly develop a 70-megawatt project in the Philippines with Gate Solar Philippines Corp.
Construction of the project is due to start in the fourth quarter of this year, with commercial operation expected in March 2016.
“This is yet another large-scale project in Asia, and our first in the Philippines,” said Dennis She, President and CEO of ET Solar. “It demonstrates our ability to handle every aspect of utility-scale solar plants from planning and financing, through construction, and all the way downstream to O&M. With our integrated capabilities and global experience, we are able to achieve the lowest possible LCOE.
“In this particular project, we were not only competing against other players for the contract; we were also racing against time to be eligible for the highest tariff rate. Once again, our ability to integrate all the required resources and move faster than other companies got us to the finish line first.”
