ISLASOL I A
Project Videos
Aerial view ISLASOL I (August 2016)
Project details
| Project Special Purpose Vehicle (SPV) | Negros Island Solar Power Inc. |
|---|---|
| Location | National Highway, Barangay Cubay, La Carlota City, Province of Negros Occidental, Philippines Coordinates: 10 25 22.84 N, 122 56 12.52 E |
| Technical Specifications | 18 MWp DC ground-mounted solar plant Project site: 247,300 m² Solar irradiation at project site: 1,843 kWh/m²/year (PV Syst) Grid connection: To an existing 69 kV substation, 12 km away |
| Reach of Electricity Supply | 27,906 PEOPLE |
| New permanent jobs | 7 in the plant |
| Supplier/Manufacturer | Solar Panels: Conergy (Germany) Mounting Systems: Mounting Systems (Germany) Inverters: SMA Solar Technology (Germany) Monitoring System: Hensel (Germany) Cables and Wires: General Cable (USA), Philflex (Philippines) Spaced Aerial Cables: Bangkok Cable (Thailand) Junction Boxes, Optical Cables, Connectors and Tool Boxes: Huber+Suhner (Switzerland) Transformers: Schneider Electric (France) |
| General Contractor (EPC) | Conergy Asia & ME Pte. Ltd. (EP: Engineering, Procurement) SJR Industrial Construction (Construction - groundworks and foundations) Schema Konsult, Inc. (Construction - electrical works and erection) |
| Operations & Maintenance | Conergy Asia & ME Pte. Ltd. |
| Electricity Offtake Counterparty | Interconnection Agreement with National Grid Corporation Renewable Energy Purchase Agreement with National Transmission Corporation (Administrator of the government backed Feed-in Tariff Fund) |
| Credit Rating Electricity Offtake Counterparty | Standard & Poor's: BBB+ with stable outlook Moody‘s: Baa2 with stable outlook Fitch: BBB with stable outlook |
| Specifications of the Power Purchase Agreement (PPA) | Statutorily guaranteed feed-in-tariff degressed rate of PHP 8.69 (USD 0.19) per kWh plus an annual escalation in electricity prices to account for inflation and exchange rate fluctuations. The rate has been set and approved for 20 years by the Government‘s Energy Regulatory Commission. |
| Status | In full operation since March 2016. |
Status: 30/06/2021
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