AC Energy Corporation’s 63-megawatt (MW) GigaSol Palauig solar farm in Zambales is now operational.

In a disclosure to the local bourse on Tuesday, April 27, AC Energy said GigaSol Palauig has begun generating power for the Luzon grid, despite construction challenges during the coronavirus pandemic.

The P2.39-billion solar farm is the first of AC Energy’s 5 new plants to be operational in 2021.

“This is all the more important as these new plants can help offset some supply shortfalls in recent months, and help to reduce the elevated prices seen in the market caused by these shortages,” said AC Energy chief development officer Jose Maria Zabaleta.

AC Energy’s venture with Citicore Solar Energy Corporation in Pampanga, a 72-MW solar project, has started construction. It will begin operations by the 2nd quarter of 2022.

With the latest development, AC Energy said it now has over 1,000 MW of attributable capacity in the Philippines, half of which come from renewables.

AC Energy closed at P6.98 apiece on Tuesday, down by 0.99%. – Rappler.com