The Aurora Pacific Economic Zone and Freeport Authority (APECO) has secured a USD25 million investment from Singapore-based Pacific Impact Development Private Limited to develop renewable energy (RE) projects in the Philippines.
The first phase of the RE project is within the Aurora ecozone. This initial phase involves the development of a 25 MW solar power farm, which will cover 25 hectares. The energy produced from the solar farm will supply power to APECO’s locators as well as contribute energy to the national grid.
Following the solar power project, Pacific Impact plans to explore wind energy opportunities as part of the second phase of the renewable energy initiative. The company has obtained a wind energy service contract from the Department of Energy (DOE) for a project in Albay.