Listed renewable power pioneer Alternergy Holdings Corp. said Friday it inaugurated along with its subsidiary Solar Pacific Energy Corp. the first and largest solar photovoltaic plus battery energy storage system project in Palau.
“This is a proud day for Alternergy as a Philippine-based company successfully inaugurating our very first renewable power project abroad. We are even more proud that our project is inaugurated today as the Republic of Palau marks its three decades of independence as a sovereign nation. Our Solar PV + BESS project is Palau’s path to energy independence,” said Vicente Pérez Jr., Alternergy chairman and former Philippine energy secretary.
“We are pleased that the project will make a significant contribution to Palau in achieving its goal of 45 percent share of renewable energy in its power generation by 2025, provide 23,000 MWh of clean and renewable power as well avoid more than 10 thousand tons of carbon emissions per year,” he added.
Perez said the solar farm, which employed 300 workers during construction, has a generation capacity of 15.3 megaWatts at peak and 12.9 megaWatt-hours of battery storage. Total project cost was $29 million, he added.
“The Pacific Island nations are most vulnerable to climate change. Renewable energy will play a key role to help address this,” he said. “Solar Pacific is excited to explore other opportunities in the Pacific region and our team is actively on the lookout for new projects,” said Mike Lichtenfeld, CEO of Solar Pacific and Alternergy director.
