SOLAR POWER. The 50-megawatt BulacanSol solar power plant of PowerSource First Bulacan Solar, Inc. in San Miguel, Bulacan. BulacanSol starts providing additional renewable power to the Luzon grid. (Photo courtesy of MGen)
MANILA – The Luzon grid has additional sources of clean and renewable energy as PowerSource First Bulacan Solar, Inc. (PFBSI) has started its commercial operation.
This, as the Energy Regulatory Commission cleared the commercial operation for the 50-megawatt BulacanSol located in San Miguel, Bulacan on Wednesday.
The solar power plant is a joint venture of MGen Renewable Energy, Inc. (MGreen) and PowerSource Energy Holdings Corp.
The new solar power facility costs PHP4.25 billion.
"We pledge to continue building more environmentally conscious projects as part of our commitment to a sustainable energy transition for the future generation," PFBSI chair and MGen president and chief executive officer (CEO) Rogelio Singson said in a statement Thursday.
Singson said the BulacanSol contributes to the renewable energy portfolio target of the company.
"As the first operational project of MGreen, BulacanSol is a very important milestone that drives us to aggressively pursue more projects that will help us achieve our target of building a renewable energy portfolio with a capacity of 1,500 megawatts in the next five to seven years," he added.
Construction for BulacanSol started in December 2019.
"Not even the Covid-19 (coronavirus disease 2019) pandemic and lockdowns we experienced during the construction period hindered us from completing this renewable project," PFBSI vice chair and PowerSource president and CEO Ricardo Lazatin said. (PNA)
