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Friday, September 20, 2024

Citicore plans to build solar projects overseas

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Renewable energy company Citicore Power Inc. plans to build 500 megawatts of solar capacity overseas as a part of its expansion program.

The company said the solar projects would be put up in  Japan, Malaysia, Indonesia, Thailand, Vietnam and Myanmar.

Citicore said these projects in other countries would be a part of the 1,000-MW renewable energy capacity target it planned to put up by 2020.

“We have already built 100 MW solar in Philippines and plan to build 500 MW of solar overseas. For the balance of 400 MW, [we] plan to build hydro and biomass power projects here in the Philippines,” Citicore Power executive vice president Manolo Candelaria said.

Citicore signed a partnership with Huawei Technologies Company Ltd. for its overseas solar business development.

“For the first 100 MW that we already built, we did not use Huawei investors yet. For the next 500 MW, we will use Huawei inverters already,” Candelaria said.

Citicore already operates three large-scale solar power plants in the provinces of Bataan, Negros Occidental and Cebu. These three facilities already account for more than 100 megawatts going into the national grid.

The company targets 1,000 MW of capacity using the widest range of RE sources such as solar, biomass, wind and hydropower.

Huawei is a Shenzen-based global company involved in power and telecommunications equipment and services. It is also the largest telecommunications equipment manufacturer in the world.

Under the partnership, Huawei will provide project design support and inverter maintenance support for Citicore including remote, hardware and solution support.

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