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Manila Bulletin devider Business devider DOE grants LSEC contract to operate Apulid Solar Project in Tarlac

DOE grants LSEC contract to operate Apulid Solar Project in Tarlac

Published Dec 7, 2023 05:17 am

At A Glance

  • Department of Energy (DOE) approves the operating contract for the Apulid Solar Power Project.<br><br>Because of the contract, the Liberty Solar Energy Corp. (LSEC) will be allowed to work on the project, such as getting exclusive rights to explore, develop, and operate within 144-hectare of the area.<br><br>The Apulid Solar Power Project is located in Paniqui, Tarlac.
  • The project is said to supply clean power to the grid as well as sustain the aquaculture production.

Liberty Solar Energy Corp. (LSEC), a subsidiary of the renewable power pioneer Alternergy Holdings Corp. (Alternergy) received an operating contract from the Department of Energy (DOE) for the Apulid Solar Project in Paniqui, Tarlac.

 

In a disclosure to the Philippine Stock Exchange (PSE), the operating contract would allow LSEC to work in the area, granting the energy corp. exclusive rights to explore, develop, and operate the solar energy resources within the 144-hectare project.

 

The Apulid Solar Power Project is ground-mounted and is set to be co-located within a working aquaculture farm.

 

Vicente S. Perez, the Alternergy chairman and LSEC president said that the Apulid Solar Power Project will be one of the pioneers of the first solar aqua voltaic projects in the Philippines.

 

“This is a unique initiative that will serve a dual purpose which is to supply clean power to the grid and to sustain the aquaculture’s farm production,” he said.

 

Perez added that the contract would allow the Solar Energy Corp. to move forward their permitting requirements and other studies based on the plan approved by the DOE.

 

“The Apulid Solar Power Project is one of the winning bids under the Green Energy Auction 2 (GEA 2) program,” Perez shared.

 

Despite this, Alternergy president said that LSEC will not pursue GEA 2 as an offtake mechanism.

 

“There are other potential markets which could bring better value to the project while at the same time continue to contribute to achieving the government’s renewable energy target,” Perez elaborated.

Related Tags

Alternergy Holdings Corporation Department of Energy solar power
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