A.M. Hijos, Inc., (AMHI) of the Montelibano Family signed an agreement with Zonal Renewables Corporation (ZRC) for the development of one of the largest Floating Solar Power Plant in the Philippines with a potential capacity north of 100 MWp. This project is located in Brgy. Tinampaan, Cadiz City, Negros Occidental, Philippines, home to Vena Energy’s Helios Solar Power Plant which is Southeast Asia’s largest solar power plant at the time of its commissioning in 2015, with a generating capacity of 132 MWp.
In a joint statement, Ramon O. Montelibano, president of AMHI, and Leandro “Andy” L. Montelibano of the Montelibano clan, expressed their excitement for the opportunity to take an active part in this major decarbonization project, with a potential to sequester 1,250 tonnes of Co2 per megawatt per year or an equivalent of planting 387,500 trees per year over the life of the project. Both declared, “We consider this as a legacy project and our family’s contribution to the national government’s push towards a carbon neutral Philippines”. The project site is an existing fishpond with an area of more than ninety (90) hectares.
Meanwhile, ZRC president Jabez V. Alvarez said that the signing of the agreement comes at a perfect time as the outlook for new Renewable Energy generation projects in the province is encouraging because of the near completion of additional transmission capacities, primarily the Cebu-Negros-Panay grid interconnection.
On his part, Cadiz City Mayor Salvador G. Escalante, Jr., expressed his support for the project saying, “I am glad to witness the signing of the agreement between the Montelibano family and Zonal Renewables Corp. This is indeed an affirmation that Cadiz City has earned the confidence of investors as we continue to demonstrate our capacity to provide ease-in-doing-business across all sectors of governance for which the city is considered as the land of splendid opportunities”, the Mayor added.
The local government of Cadiz has issued a resolution endorsing the project.
