Solana Solar Alpha Inc., a wholly-owned subsidiary of Alternergy Group’s Solar Pacific Energy Corp. on Tuesday signed a power supply agreement with Kratos RES Inc., a wholly-owned retail electricity subsidiary of Prime Asset Ventures Inc. of the Villar group.
Solana Solar will supply Kratos with 10 up to 20 megawatts of clean and renewable power from the soon-to-be built Solana Solar Power Project located in Hermosa, Bataan.
“We are pleased to partner with Kratos RES to help its electricity end-consumers achieve their sustainability goals and transition their power supply to renewable energy,” Alternergy and Solana Solar chairman and president Vicente S. Perez Jr. said.
The Solana Solar Power Project provides reliable and cost competitive electricity supply to malls, offices, complexes and manufacturing facilities served by Kratos, whose businesses require operational and cost efficiencies.
The 20MWAC/28WDC Solana solar power project recently secured financing commitments from a leading commercial bank and a commitment for its engineering, procurement and construction (EPC) from a leading EPC provider. Early works have started with full swing construction to start in the coming months.
Alternergy is a renewable power pioneer with a portfolio of companies engaged in different renewable energy projects, particularly wind, run-of-river hydro, solar farm and commercial rooftop, battery storage and offshore wind.
