- Nexif Energy has signed a PSA with SNAP in Philippines for a 75 MW solar farm
- SNAP will source most of the power generated by the facility along with green certificates under the 10-year agreement signed
- It is expected to come online in Q4/2022 with PowerChina providing EPC and O&M services
Singapore based renewable energy company Nexif Energy has secured a 10-year power supply agreement (PSA) with SN Aboitiz Power (SNAP) for its 1st solar farm in the Philippines with 75 MW capacity. For SNAP, this is the company’s 1st long term PSA.
Nexif Energy plans to construct the 75 MW facility in Calabanga, Camarines Sur province of the Philippines and it will supply most of the electricity and green certificates generated by the farm to SNAP which is a joint venture (JV) between Philippines’ power company Aboitiz Power Corporation and Norway’s Scatec.
The Singaporean company is taking Chinese help with EPC and O&M contracts for the facility signed with PowerChina Huadong Engineering Corporation and PowerChina Philippines Corporation, respectively. The facility is scheduled to come online in Q4/2022.
According to Nexif Energy, the 75 MW solar farm could have come online earlier if it was not for the country’s feed-in-tariff (FIT) scheme for new projects hadn’t ended in 2016. It plans to replicate Calabanga project for its future pipeline, including a 150 MW solar project that’s currently at an advanced level of development in Negros Occidental in Visayas.
Owned by Singaporean power infrastructure project developer Nexif and US based private equity firm Denham Capital, Nexif Energy came into being in August 2015 as an independent power producer (IPP) with focus on Southeast Asia, Bangladesh and Australia.
“Through this innovative PSA, we are offering SNAP a competitive advantage in serving its customers in the Philippines’ contestable retail electricity supply market,” said Founder and Co-CEO of Nexif Energy Matthew Bartley.
Back in 2019, SNAP’s 200 kW floating solar power pilot facility was commissioned by Norway’s Ocean Sun using GCL-SI modules with possible plans to scale it up (see 200 kW Hybrid Floating PV Plant Online In Philippines).