SP NEW Energy Corp.’s (SPNEC) P200-billion Terra Solar project might be completed slightly ahead of schedule as it has already achieved a 73% progress rate, the company’s president said.
“In terms of completion, the Terra Solar Project achieved 73% overall development,” SPNEC President and Chief Executive Officer Emmanuel V. Rubio said during a briefing on Monday.
SPNEC, through its unit Terra Solar Philippines, Inc. (TSPI), is developing a project in Nueva Ecija and Bulacan, which consists of a 3,500-megawatt solar power plant and a 4,000-megawatt-hour energy storage system.
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