Nexif Ratch Energy (NRE), a prominent independent power producer specializing in renewable energy solutions, is excited to announce that the Calabanga Solar Project (CARE) in Camarines Sur, South Luzon, Philippines, has officially commenced commercial operations as of August 5, 2024. This achievement follows a thorough testing and commissioning process carried out by the National Grid Corporation of the Philippines.
CARE is a 74.2 MWp ground-mounted solar PV project and marks the first utility-scale solar power initiative in the Bicol Region, supplying clean energy to the national grid. The majority of its electricity output will be sold under a 10-year Power Supply Agreement with a subsidiary of the Aboitiz Power Corporation Group, providing a stable revenue stream.
NRE is dedicated to the Philippine renewable energy sector and is currently working on the 145 MWp NPSI solar project in Visayas. Additionally, the company is advancing several wind energy initiatives, including the San Miguel Bay nearshore wind project with a capacity of up to 500 MW and the Lucena offshore wind project with a capacity of up to 450 MW.
Mr Cyril Dissescou, CEO of Nexif Ratch Energy said, “We are delighted to announce the successful commercial operation of the Calabanga Solar Project, our first operating project in the Philippines. CARE demonstrates our commitment to delivering reliable and sustainable energy solutions, contributing to the Philippines' renewable energy objectives”.
Mr Surender Singh, Chairman of Nexif Ratch Energy said, “We appreciates the support from the Government of the Philippines and collaboration of our partners, lenders, and the local communities in Camarines Sur. With COD of the CARE and the strong progress we are making on other projects in target markets we remain track on our planned growth trajectory”.