MANILA - A solar energy firm has committed to invest an estimated P1 billion within the next two years for a solar energy project in Clark Green City, the Bases Conversion and Development Authority (BCDA) said.
BCDA said it has signed a lease agreement with SSR C-Solar Power Inc. to establish a solar energy farm in Clark Green City capable of generating 20 megawatts of electricity.
The 20 megawatts to be generated from the solar farm will be sold to the national grid and can provide power to at least 10,000 households.
SSR C-Solar Power Inc. will lease 25 hectares of land in Clark Green City for a term of 25 years for the development and utilization of solar energy.
The 9,450-hectare Clark Green City, located within the Clark Special Economic Zone, is envisioned to be the first smart, green and disaster-resilient metropolis in the country.