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SPNEC starts construction of the world’s largest solar project
The project’s first phase will be completed by the first quarter of 2026.
SP New Energy Corporation (SPNEC) held a ground-breaking ceremony for the 3.5 gigawatts Terra Solar project in Nueva Ecija and Bulacan provinces.
In a disclosure, SPNEC confirmed the mark of the start of the project’s development, adding that it targets to complete the first phase of the project by the first quarter of 2026.
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The project sits on an area of around 3,500 hectares and will include around 4,000 megawatt-hours of battery storage.
SPNEC said the project has an estimated cost of around $3.6b (PHP200b).
$1 = PHP55.60
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