RIZAL Green Energy Corp. said Thursday that its business unit, Dagohoy Green Energy Corp. (DGEC), had switched on the 27 megawatt-peak Dagohoy Solar Power Project (DSPP) in Bohol.
The first utility-scale solar power plant in the province, consisting of more than 40,000 panels installed in a 22-hectare site, is expected to produce 41,000 megawatt hours annually — enough to supply over 18,000 homes — and help reduce emissions equivalent to 28,642 metric tons of carbon dioxide annually.
Energy Undersecretary Rowena Cristina Guevara said completion of the project exemplified efforts to accelerate the utilization of renewable energy sources toward achieving a more energy-sufficient and climate-resilient Philippines.
The Dagohoy solar farm will be operated by DGEC, one of four RE special purpose vehicles under Rizal Green Energy, a joint venture formed by Japan’s Taisei Corp. and PetroGreen Energy Corp., a business unit of PetroEnergy Resources Corp. (PERC).
PERC’s share price rose by 4 centavos to close at P3.65 apiece on Thursday.
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