Filipino tycoon partners with CEC to develop 140MW PV project

This week, Prime Infrastructure Capital Inc., owned by Enrique Razon, the third richest man in the Philippines, has partnered with PowerChina B7 Philippines Corp. Batangas, Marogondon and Cavite.

The project is a follow-on extension to the 100MW PV project acquired by Prime Infrastructure Capital Inc. from Solar Philippines, a company founded by Leandro Leviste.

Razon said that the groundbreaking ceremony for the project was held on Tuesday (11 April) and that construction is scheduled to be completed by the end of this year.

Katrina Razon, Chairman of Solar Tanauan Corporation, said that given the company’s ESG (Environmental, Social and Governance) commitment, “Our company aims to develop and operate its assets in a manner that is beneficial to the development of society.”

Upon completion of construction, the PV project will achieve an annual green electricity output of 202 GWh, which will meet the electricity needs of more than 84,000 households and will also achieve a carbon reduction of more than 100,000 tonnes.

Cavite Governor Jonvic Remulla said, “We are preparing to build a better Cavite (province) and achieve lasting prosperity.”

The Razon Group of the Philippines has been committed to building renewable energy projects on a large scale, and the company has invested not only in the development of photovoltaic projects, but also in hydroelectric projects.