SunAsia Energy investing $120m in developing solar farm in Philippines

SunAsia Energy Inc, a local renewable energy developer in the Philippines, is investing $120 million for the development of a 60-megawatt (MW) solar farm.

Dubbed Toledo solar project, it will be the biggest solar farm in Cebu City, occupying 70 hectares of the Baltao livestock farm.

The company plans to put 200,000 European standard solar panels to be built 70 meters above the ground. Livestock production will continue in the Baltao farm.

Also read: Philippine power giant Meralco mulls solar rooftop biz

SunAsia aims to complete the solar power plant by February 15, 2016.

The Toledo energy plant will generate 861,199 Megawatthours (MWh) of electricity yearly and offset 1.72 million metric tonne of carbon emissions, based on a study by the Power Systems Research and Consultancy Group or PSRCG.

Also read: PH power firm DPC foraying into renewable energy business

An independent solar power producer, SunAsia applies German engineering in the field of rooftop installation and megawatt-size solar power plant construction and operations. It works with utility companies, package solar projects, and build local capacity by deploying embedded solar power plants.

SunAsia likewise deploy grid-tied solar starter kits for homes, design and build grid-integrated commercial-scale solar rooftop solutions for businesses, and customize large grid-connected rooftop for industries.

Also read:

Filipino cos form JV to invest $600m in solar power projects in SEA

Belgium’s Enfinity SA invests $42.7m in PH solar farm

New JV for solar, wind projects formed in Philippines

Aboitiz Power, SunEdison ink contract for $75.6m solar power project in PH

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.