PhilCarbon bullish on developing more renewable energy projects

MANILA, Philippines – Local renewable energy PhilCarbon Inc. is bullish in developing more renewable energy (RE) projects following the completion of its joint solar project with Citicore Power, a sister company of Megawide Construction Corp.

The company said it is working on a portfolio of over 140 megawatts (MW) of renewable energy projects after it finished its 25-MW joint solar project with Citicore last week.

PhilCarbon president Ruth Yu-Owen said the company is optimistic the completed solar project would be able to avail of the Feed-in tariff (FIT) as the project was completed ahead of the March 15, 2016 deadline set by the Department of Energy (DOE).

She said the company is now focusing its efforts on other projects being developed with Citicore Power such as the 87-MW La Carlota solar farm in Negros Occidental and the 12-MW Himamaylan Biomass Project in Himamaylan, Negros Occidental.

The company is also developing the following projects with Upgrade Energy of Belgium namely the 1.814-MW Home Depot Solar rooftop project in Laguna, 1-MW Solaire solar power project, 50-kilowatt (kW) Micro Hydro Project in Zamboanga City, 2.5-MW Manicahan River Hydro power project in Zamboanga City, 600-kW Magat F RIS hydro power project in Isabela and 33-MW wind project in Bulalacao, Oriental Mindoro.