Balanga, Province of Bataan, Philippines – December 13 – The Global Green Growth Institute (GGGI) and the Provincial Government of Bataan of the Philippines brought diverse international and national expert groups together to officially kick off a technical feasibility study to develop up to 50MW solar PV plant.
From December 12 to 13, the GGGI team composed of international experts initially consulted several concerned national institutions around the solar PV development project – such as the Department of Energy (DOE), Peninsula Electric Cooperative, Inc. (PENELCO), the Public Private Partnership Center, the National Economic Development Authority (NEDA), Climate Change Commission (CCC), as well as all relevant sub-departments of the Provincial Government of Bataan – and gathered preliminary inputs and data through the interactive discussions to design the framework of the study.
The feasibility study will comprehensively review market, technical, and financial aspects around the proposed project, by assessing possible solar PV installation potential and technology selection, conducting site visits, estimating the construction cost, determining performance parameters, assessing cost of electricity, analyzing the potential risks for investors and designing mitigation measures, and exploring various development and financing options.
This will be eventually designed to meet all legal, technical, and financial requirements to acquire a service contract to be issued by the Department of Energy. As a next step, more in-depth data collection, comprehensive stakeholder interviews, and financial modelling will be conducted during the first quarter of 2020.
GGGI and the Provincial Government of Bataan signed a Memorandum of Understanding (MOU) on July 17, 2019 on green growth cooperation, which will support the Provincial Government of Bataan’s vision of achieving a “Carbon Neutral Bataan.”
Read more here.