The partnership between Emerging Power Inc. (EPI), the renewable energy (RE) arm of mining firm Nickel Asia Corp. (NAC), and Shell is confident of racking up more than its goal of 1-gigawatt (GW) goal in RE capacity by 2028.
“By next year, we will reach half of our goal, half a gigawatt is what will be operating by 2025,” said Andre Mikael Dy, NAC’s vice president for treasury, investor relations and sales.
Dy added that with a pipeline of projects under construction representing a total of 1.5 GW in power-generation capacity, “we will more than deliver our goal of 1 GW by 2028.”
EPI and Shell Overseas Investments BV partnered in July 2022 to develop 1 GW of renewable projects in the Philippines by 2028, with the ambition of scaling up the target to 3 GW further on.
Dy said the construction of the 240-megawatt (MW) solar farm in Leyte, a project with Shell, is underway. The first 120-MW phase of this project is targeted to be operational by the second quarter of 2025.
EPI is also working on a 145-MW solar project in Cawag, Subic town in Zambales. INQ