Citicore Renewable Energy Corporation (CREC) has commenced construction of the largest project in its portfolio, a 680 megawatt (MW) peak solar power plant in Tuy, Batangas, valued at P21 billion.
The project is expected to provide a significant boost to the Luzon Grid upon completion and will be constructed over a two-year period in phases.
CREC’s president and CEO, Oliver Tan, expressed the company’s commitment to investing in the development of additional solar plants and increasing the country’s total renewable energy capacity.
The project is expected to generate around 2,400 jobs during the construction phase, with many being sourced from the host community and surrounding areas.
In addition to the solar project, CREC is also investing in battery energy storage systems (BESS) to provide more competitive alternatives to end-users beyond daytime.
MCC-CCI has been engaged to oversee the pre-development, construction, and commissioning of the Batangas solar project, which is expected to commence commercial operations by 2024.