The Daily Tribune
P7.5-B green lane solar project breaks ground
A 150-megawatt (MW) solar power plant, representing a P7.5 billion investment by Spanish firm Acciona Energia Global, broke ground on March 16 in Daanbantayan, northern Cebu.
The facility is expected to begin operations by 2026 and is touted as the biggest solar project under construction in the Visayas.
This development is highlighted by the Board of Investments (BOI) as a significant milestone for energy sustainability, particularly in regions with historically lower renewable energy adoption.
Trade Secretary Cristina Roque stated that the project demonstrates the tangible impact of the Green Lane program in expediting permits and attracting investors in renewable energy.
The solar park is anticipated to significantly reduce electricity costs in Cebu and provide electricity to approximately 300,000 households.
This marks Acciona's first venture in the Philippines.
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