Leviste’s Solar PH slapped with P24-B fine over idle projects

MANILA, Philippines – Solar Philippines, founded by billionaire and politician Leandro Leviste, is facing P24 billion in penalties for failing to deliver on its commitment to produce almost 12 gigawatts of renewable energy capacity.

In a media briefing on Tuesday, Department of Energy (DOE) Secretary Sharon Garin said the contracts covered by these committed projects had already terminated, as the agency continues its crackdown on non-compliant developers.

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Asked if Solar Philippines made petitions or challenged its findings, Garin said it has “not received any response” despite the DOE’s consistent attempt to communicate.

“To be able to terminate a contract, we have to go through the whole due process,” she told reporters.

“What we want are legitimate investors, that’s why we’re cleaning it out,” Garin added.