Considered as Southeast Asia’s largest solar project, Helios Solar Energy Corp. (“Helios”) commenced its 132.5-megawatt (“MW”) solar generation facility today in Cadiz City, Negros Occidental.
Southeast Asia’s largest solar project in Cadiz City
The project was developed through a partnership between Gregorio Araneta, Inc. (“GAI”) and Soleq. Soleq is the market leader in the solar PV industry in the Philippines and one of Southeast Asia’s largest solar independent power producers. This project follows the partnership’s first solar project, a 30 MW solar generation facility in Ormoc, Leyte, which was commissioned in April 2015.
The first of its size in Southeast Asia, the project has contributed significant value and opportunities to communities in Negros Occidental having employed over 2,000 local people during the construction phase. Additionally, it is estimated that the project will produce 188,500 MWh of solar power per year, or enough to power an estimated 167,526 households, save 177.7 million liters of water, and lower carbon emissions by 94,627 tons per year (equivalent of 10 years of carbon sequestered by planting 2.4 million trees).
Gregorio Araneta III, Helios Chairman said, “We are pleased to launch this ambitious project which underlies our conviction to support the country’s shift to more renewable energy. This project also demonstrates our country’s ability to develop world-class renewable energy projects and establishes the Philippines’ foothold as a frontrunner in renewable energy.”
GAI is a Philippine holding company engaged in real estate, transportation, telecommunication, security and protection services, environmental protection services, oil/petroleum storage facilities and project management. The company continues to grow and is now focusing mainly on real estate investment and development, as well as power generation through its subsidiaries.
Soleq is one of Southeast Asia’s largest solar independent power producers. Soleq has successfully constructed and commissioned 13 projects across Thailand and the Philippines, and has a significant development portfolio. Soleq is an Equis invested platform.
Founded and headquartered in Singapore, Equis is Asia’s largest independent renewable energy developer and investor. Equis is also Asia’s largest independent energy and infrastructure fund manager. With more than US$2.7 billion of funds under management, Equis and its invested platforms employ over 500 professionals across thirteen (13) Asian offices in Manila, Aomori, Bangalore, Bangkok, Beijing, Brisbane, Hong Kong, Jakarta, Kasama, New Delhi, Singapore, Taipei and Tokyo