SACASOL I D

San Carlos Solar Energy I D
Project Special Purpose Vehicle (SPV) | San Carlos Solar Energy Inc. |
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Location |
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Technical Specifications |
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Reach of Electricity Supply | 23,000 people |
New permanent jobs | 13 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 0.23) 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 |
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Project Insurance Coverage (amount insured) | Contractors All Risks Insurance covering material damage (uSD 16,206,958), third party liability (uSD 258,264) and delay in start-up (uSD 1,718,844). |
Insurer (coverage ratio) | AIG Philippines Insurance (30%), Pioneer Insurance and Surety (30%), Mapfre Insular Insurance (20%), Federal Phoenix Assurance (15%) and New India (5%). |
Commercial Operations Date (COD) based on EPC contract | July 31, 2015 |
Aerial view SaCaSol (August 2016)
President Aquino officially opens ThomasLloyd solar facility in the Philippines
Time lapse: Construction of SaCaSol I D