An emerging player in the renewable energy sector, Joy-Nostalg Solaris, Inc. (SOLARIS), has signed an Engineering, Procurement, and Construction (EPC) contract for its 62.5 MWp solar project in Ajuy, Iloilo.
The signing of the EPC contract between SOLARIS and China Energy Engineering Group Northeast No. 1 Electric Power Construction Co. Ltd. (NEPC) marks the official start of the solar project’s implementation, accelerating the company’s 1000MWp renewable energy installation target in the next five (5) years.
The construction of the said solar project will commence in January 2025 and is expected to be completed by end of this year.
Upon completion, the Ajuy Solar Project is projected to generate 94.32 GWh of clean and renewable energy each year, enough to supply electricity to over 25,000 Filipino homes year-round, and shall support the Department of Energy’s target to achieve 35% Renewable Energy share by 2030.
The project will also contribute to the economic growth of the Province of Iloilo and improve the power supply situation in the Panay Island.
In October 2024, SOLARIS energized as load, the Philippines’ first 6.4MWp utility scale rooftop solar project in Naic, Cavite under its NING*NING brand.
