Welcome to San Carlos Solar Energy
In recent years, a shortage of power has developed in the Philippines due to the rate of annual growth in electricity demand which is forecast to continue at an average of 4.6% pa until 2017 (Electric Power Industry Management Bureau, 2008). The Department of Energy (DOE) is sufficiently concerned about the power shortage situation to have developed a Power Development Plan for 2008-2030. The shortage is particularly manifest in those islands at the extremities of the electric grid systems. The island of Negros, within the Visayas electrical grid system, experienced daily brown outs during 2010 which is only now being addressed with the commissioning of new coal plant capacity. Despite this new capacity, significant shortfalls of capacity continue to exist in the Visayas, as can be seen in the 2009 update issued by the DOE.
Large scale economies of scale in power production are impossible to secure when responding to electricity demand throughout an archipelago and, as a result, power prices tend to be relatively high in the Philippines. The introduction of the WESM in the Visayas in January 2011 will allow market-related pricing to develop to reflect cost of production, as has happened in the Luzon WESM market. The Feed-in-Tariff for Renewable Energy Projects is expected to be a major addition to the energy mix to attain stable power for the region.
San Carlos City represents an attractive location for a solar farm because it is situated at the right coordinates for maximum solar radiation and, being in the eastern coast of Negros, it is less prone to cloud cover and enjoys more sunshine hours than other places. The area has long supported renewable energy due to the presence of the sugar industry, both for power and transport fuel, thus making it a good hub for several renewable energy technologies.
The Visayas in general is growing at a fast pace, resulting in a projected shortfall in generating capacity, thereby creating an attractive opportunity for solar development on Negros.
All equity funding has been secured to enable the project to be constructed and put into operations.
On March 7, 2014, the San Carlos Solar Energy Inc. (SACASOL) filed an application for authority to develop, and own or operate dedicated point-to-point limited facilities to connect the 19.8 MW solar power plant to the Cadiz-San Carlos 69 kV line, with prayer for provisional authority.
On May 19, 2014, SACASOL filed a “Motion to Admit Attached Amended Application” praying that its amended application be admitted by the Commission.”
Accordingly, the amended application being sufficient in the form and in substance with the required fees having been paid, the same is hereby set for jurisdictional hearing, expository presentation, pre-trial conference and evidentiary hearing on June 10, 2014 (Tuesday) at 10 AM at the ERC Hearing Room, 15th Floor, Pacific Center Building, San Miguel Avenue, Pasig City.”
Bronzeoak Philippines, the proponent of San Carlos BioPower, is leader in the development, implementation and management of sugarcane-based energy projects in the Philippines. In late 2008, Bronzeoak Philippines completed construction on the first integrated cane-based ethanol and power cogeneration plant in Asia. Since then, Bronzeoak Philippines has been working to expand on this experience by developing additional power capacity to help achieve the country’s goals of energy independence and sustainable development. Bronzeoak Philippines is at the forefront of the renewable energy industry and has recently joined with the Swiss ThomasLloyd Group to strengthen its development portfolio. For more information, visit www.bronzeoakph.com.
San Carlos City is a tight knit community in the Visayan speaking North East corner of Negros Island in Central Philippines. Its local government, business and civic community, and citizens provide a strong basis of support for the development and construction of the project. Long dedicated to progressive thinking and new ideas, there is a public-private partnership focused on sustainable development through agribusiness growth and infrastructure. The area has a proud history of the highest yielding sugarcane farms in the country and has pioneered a variety of agricultural innovations to the national industry such as cultivation mechanization, drip irrigation and, more recently, cane to ethanol.
The Philippines is rife with opportunity for the development of renewable energy projects due to steady growth in electricity demand, high electricity tariffs, and a growing awareness of climate change and a desire to boost its energy independence. Creating electricity from local agricultural resources is universally recognized as a way to add supply to the national electricity grid, increase reliability during peak use hours, defer or avoid the costly environmental effects of new fossil fuel generation facilities, create jobs in the agricultural sector, and reduce harmful greenhouse gas emisions. The project will also be eligible for tradable certified emission reduction credits under the Clean Development Mechanism of the Kyoto Protocol.
The Renewable Energy Act of 2008 established the nation’s first Renewable Portfolio Standard (“RPS”) by which generators, distribution utilities and suppliers of electricity shall source or produce a specific portion of their electricity from eligible renewable energy resources. The RPS is mandatory and rules are in the process of being determined by the National Renewable Energy Board (“NREB”), a committee responsible for making recommendations to the Department of Energy regarding the regulatory implementation of several critical aspects of the RE Act. The NREB are also establishing the feed-in-tariffs that will provide a viable long-term market price for electricity generation from qualifying renewable energy resources in the Philippines.
ThomasLloyd CTI Asia Holdings Pte Ltd Announces the Sale of San Carlos Solar Energy Inc to Philippine Investment Alliance for Infrastructure (PINAI):
ThomasLloyd today confirms the sale of San Carlos Solar Energy Inc (SaCaSol) to PINAI. As part of the transaction, ThomasLloyd is selling its stake in the grid-connected 22 MW first phase and substantially completed 23 MW second phase solar facility at San Carlos City, Negros Occidental, Philippines.
BPI extends additional P500-M funding for solar expansion project:
A third financing installment of P500 million will be extended by the Ayala-led Bank of the Philippine Islands (BPI) for the solar expansion project of San Carlos Solar Energy, Inc.
Bronzeoak expanding solar capacity to 190MW:
After cornering the first ever certificate of compliance (CoC) that warrants it for feed-in-tariff eligibility, Bronzeoak Philippines, Inc. is gathering pace on its solar venture as it gears up for capacity expansion of up to 190 megawatts (MW).
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The Plant will be located within the San Carlos Ecozone, San Carlos City, Negros Occidental, Philippines.