Filinvest switches on solar power project in Misamis Oriental

The Filinvest Group has inaugurated its 20.774-megawatt peak (MWp) facility, its first large-scale solar power project, in the PHIVIDEC Industrial Estate, Tagoloan, Misamis Oriental.

In a news release, Filinvest Group said the solar facility was switched on during a ceremony led by Energy Secretary Sharon Garin, along with Energy Regulatory Commission Chairperson Francis Saturnino Juan and National Electrification Administration Administrator Antonio Mariano Almeda.

The ground‑mounted solar facility, developed by FDC Green Energy Corp. —a wholly owned subsidiary of Filinvest Group’s utility arm FDC Utilities Inc.— is estimated to generate about 30.2 million kilowatt-hours of net clean energy annually.

Filinvest Group said the initiative supports the expected 5.5% annual peak-demand growth projected by the Department of Energy (DOE) through 2030.

Backed by a 25-year solar energy operating contract awarded by the DOE, Filinvest Group said it allotted over P1 billion in capital investment.

“We are thrilled to officially bring our first utility-scale solar project online to support the country’s aggressive green energy targets. Our facility utilizes advanced bifacial solar panels to capture sunlight on both the front and back surfaces, resulting in a higher energy yield, generating 30% more energy than conventional panels,” said FDC Green president and CEO Juan Eugenio Roxas. — VBL, GMA News