Solana Solar to supply power to Villar’s Kratos RES in the Philippines

Philippine solar company Solana Solar has signed a power purchase agreement (PPA) with Philippine firm Kratos RES to supply 10-20MW of electricity from its upcoming Solana Solar Power Project in the Philippines.

Solana Solar is a subsidiary of Alternergy’s wholly-owned unit Solar Pacific Energy Corporation, while Kratos RES is a fully owned unit of Villar-led Prime Asset Ventures Inc. (PAVI) engaged in retail electricity supply —most of which are malls, offices, complexes, and manufacturing facilities.

In a statement, Alternergy said Solana Solar will supply Kratos RES with 10 megawatts (MW) and up to 20 MW of renewable power from its soon-to-be-built Solana Solar Power Project in Hermosa, Bataan.

Alternergy said its Solana Solar Power Project has secured financing commitments from “a leading Philippine commercial bank and a commitment for the Engineering, Procurement, and Construction (EPC) from a leading EPC provider.”

“We are pleased to partner with Kratos RES to help its electricity end-consumers achieve their sustainability goals and transition their power supply to renewable energy,” said Alternergy chairman and Solana Solar chairman and president Vicente Perez Jr.