Solana Solar to supply renewable energy to Kratos RES
It will supply 10MW to 20MW of power to Kratos RES.
Alterenergy Group’s Solar Pacific subsidiary, Solana Solar Alpha Inc., entered a power supply agreement with Prime Asset Venture’s Kratos RES, a company engaged in retail electricity supply.
Under the agreement, Solana Solar will supply Kratos RES with 10 megawatts (MW) up to 20MW of renewable project which will be built soon in Hermosa in the province of Bataan, Alterenergy said in a disclosure.
The Solana Solar project, which has a 20MW, alternating current/28MW, direct current secured financing pledges from a Philippine commercial bank and engineering procurement and construction (EPC) from a leading EPC provider, it said.
“The Solana Solar Power Project will provide reliable and cost-competitive electricity supply to malls, offices, complexes and manufacturing facilities served by Kratos, whose businesses require operational and cost efficiencies,” said Solar Pacific CEO Mike Lichtenfeld.