FDC Utilities Inc. (FDCUI) subsidiary FDC Green Energy Corp. on Monday broke ground at its P700 million solar power facility in Misamis Oriental.
The 20.75 MW facility is targeted for completion by the second quarter next year.
The project was awarded a 25-year solar energy operating contract by the Department of Energy for the installation of over 34,000 monocrystalline solar panels generating approximately 30,450 megawatt-hours of clean energy each year.
Since the project is located within the PHIVIDEC Industrial Estate, it benefits from such factors as the flat terrain, high solar yield and proximity to a substation, the company said.
The project is also seen to generate over 200 jobs during the construction and maintenance phases.
“This significant milestone marks the beginning of a transformative journey toward achieving a balanced energy portfolio for the Filinvest Group. We aim to boost our renewable energy capacity in the coming years, underscoring our unwavering commitment to sustainability and innovation,” said Juan Eugenio Roxas, FDC Green president and chief executive officer, in a statement.
FDCUI’s other subsidiary, FDC Misamis Power Corp., also has a 405-MW coal-fired power plant in Villanueva, Misamis Oriental.
FDCUI is a subsidiary of Filinvest Development Corp.
