$125M Subic solar projects get approved

Subic Wind Power Generation Inc. is expanding its power generation project in Subic Bay Freeport to include the establishment of a solar energy project for $125 million on top of its original proposal to establish and operate a wind farm.

According to Subic Bay Metropolitan Authority Chairman Feliciano Salonga, the Subic agency has recently approved the request of SWPGI to expand its business and include the establishment and operation of a solar energy project on top of its original proposal to establish and operate a wind farm.

SWPGI, a subsidiary of the China-based Sunnew Investments Ltd., had committed $75 million last year for the establishment of a 25-wind turbine farm that would generate some 50 megawatts of power here.

However, after ocular surveys and initial data gathering in Subic, the firm decided to also build a solar energy project that would yield from 100 to 200 megawatts of energy, Salonga said.