Leandro Leviste firm gets original proponent status for planned 200 MW supply of power to Meralco

Leviste-led Solar Philippines Batangas Baseload Corp (SPBBC) has been granted original proponent status (OPS) for its proposal to supply Manila Electric Co. (Meralco) with 200 megawatts of baseload capacity.

This will come from SPBBC’s 1,800 MW of solar and 1800 megawatt-hours (MWh) battery storage facility that the company is developing in Nasugbu, Tuy, and Balayan, Batangas.

“We are grateful for this opportunity to show that solar with batteries can deliver cost-competitive baseload. We thank Meralco for leading the market in the adoption of renewable energy and look forward to see this project realized for the benefit of consumers,” said Solar Philippines founder Leandro Leviste.

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This would be the world’s first gigawatt-scale solar-battery baseload project.

The project will be able to operate on a 24/7 basis and at a much larger scale, replacing the need for a 200 MW coal power plant.

SPBBC will also provide reliable power to Meralco in all weather conditions, with a plant designed to produce the contracted energy even during cloudy days, and excess during sunny days can be sold into the wholesale electricity spot market.

It may also source backup power from a portfolio of other plants to maximize supply availability.

At a fixed price of P4.65 per kWh for 20 years, inclusive of value-added tax and other charges, SPBBC’s supply is estimated to be 20-40 percent cheaper than the cost of fossil-fueled generation in the Philippines.

This would complete the 9 TWh per year of contracted energy targeted by Solar Philippines.

Solar Power said in June that such power supply contracts would support its 10 GW of developments scheduled to commence operations mostly between 2025 to 2026, including over 6 GW of other projects that it has contracted through Meralco competitive selection processes and Department of Energy auctions.

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