SNAP to proceed with solar project

By Lenie Lectura – December 7, 2020
from Business Mirror

SN Aboitiz Power-Magat (SNAP-Magat) is proceeding with its plan to put up a 67-megawatt (MW) floating solar power project over the Magat reservoir.

The company has secured board approval “for the project to proceed to engineering design for 67MW,” Aboitiz Power Corp. said in its report.

SNAP is a joint venture between SN Power AS and power firm Aboitiz Power.

It said that the planned 67MW has undergone an initial pre-feasibility study. The results of which have shown “positive results” and the company is now conducting a feasibility study to validate the initial results and confirm the viability of a commercial-scale project, which may have a capacity of 67MW or higher.

The feasibility study is expected last for about 10 to 12 months. The project cost could be determined after the results of the study are out.

The new floating solar project will also be placed on the Magat reservoir. It can be recalled that SNAP switched on its first 200 kilowatt floating solar project over the Magat reservoir in Isabela in June last year.

This was the first non-hydro renewable energy project of SNAP, which was looking at other renewables and complementary technologies to expand its portfolio. SNAP said the floating solar project has proven its viability, both technical and commercial.

The 200kW floating solar project, which costs around P24 million, is made up of 720 solar panels held in place by four mooring systems over the reservoir in Isabela.

The company partnered with Ocean Sun, a Norwegian floating solar technology provider, for the project.