SACASOL I B
San Carlos Solar Energy I B
| Project Special Purpose Vehicle (SPV) | San Carlos Solar Energy Inc. |
|---|---|
| Location |
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| Technical Specifications |
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| Reach of Electricity Supply | 20.000 people |
| New permanent jobs | 9 in the plant |
| Supplier/Manufacturer |
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| General Contractor (EPC) |
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| Operations & Maintenance | Conergy Asia & ME Pte. Ltd. |
| Owner‘s Engineer | Syntegra Solar International AG |
| Electricity Offtake Counterparty |
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| Credit Rating Electricity Offtake Counterparty |
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| Specifications of the Power Purchase Agreement | Statutorily guaranteed feed-in-tariff rate of PHP 9.68 (USD 0.16) 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. |
| Third party guarantees additional to the market standard warranties provided by suppliers, manufacturers and EPCs | Unconditional, irrevocable bank guarantee (Performance Ratio Guarantee) with a maturity of 5 years plus a rolling 5 years after any single drawdown of Deutsche Bank AG for the amount of USD 441,920, structured as a CFD (contract for difference) which guarantees the difference between contracted revenue and actual energy production of the plant. |
| Project Insurance Coverage (amount insured) | Industrial All Risks Insurance covering all risks of sudden or accidental loss or damage to the insured property including loss or damage by earthquake, flood or windstorm, accidental breakdown of machinery and/or explosion and/or collapse of pressure vessels (USD 13.4 million) and loss of gross earnings resulting from interruption of business caused by damage to or destruction of insured property (USD 1.5 million). Insured property includes modules, inverters, transformers, buildings, and all others within the walled property owned by the insured San Carlos Solar Energy Inc. |
| Insurer (coverage ratio) | Malayan Insurance (40%), Charter Ping An Insurance (30%), UCPB General Insurance (25%) and Mapfre Insular Insurance (5%) |
| Status | In full commercial operation since July 2014 |
Status: 31.03.2015
Aerial view SaCaSol (August 2016)
President Aquino officially opens ThomasLloyd solar facility in the Philippines
Time lapse: Construction of SaCaSol I B