Pure Energy Holdings Corporation through its solar subsidiary, Just Solar Corp., signed a Share Purchase Agreement acquiring initially 60% ownership over Solar Powered Agri-Rural Communities Corporation (SPARC), owner of 3 major solar farms in Central Luzon. The three solar farms are the Palauig solar farm in Zambales, the Morong solar farm in Bataan, and the San Rafael solar farm in Bulacan. Last year, the said projects were approved for commercialization by the Department of Energy to provide electricity in their respective communities. “This acquisition complements our existing renewable energy portfolio of hydropower plants and geothermal assets. We are optimistic because these power plants have huge economic potential in Central Luzon, and plans are under way to expand their respective capacities. We are excited to begin working and delivering electricity through renewable energy sources in this region.” says Dexter Y. Tiu, CEO of Pure Energy Holdings Corporation. The solar power plants have a total capacity of 13.86MW. The acquisition provides a platform for Pure Energy to diversify into solar energy and ramp up its portfolio through this new arm. Pure Energy’s other renewable energy subsidiaries include, Repower Energy Development Corporation and Pure Geothermal, Inc., which holds a portfolio of operating run of river hydropower plants and geothermal assets respectively. The Palauig solar farm in Barangay Salaza has over 5 MW in capacity. The Morong solar farm in Barangay Sabang also has over 5 MW in capacity, while the San Rafael solar farm in Barangay Pasong Inchik has a 3.82 MW capacity.