According to foreign media reports, on September 23, Xiamen Youju New Energy Co., Ltd., a Chinese photovoltaic company , signed a memorandum of cooperation with the Philippine Aurora Pacific Economic Zone and Free Port Authority (APECO). It is planned to promote the new energy project with a total scale of about 1GW in three phases in the Aurora Economic Zone .
According to the preliminary plan disclosed, the first phase of the project focuses on the construction of solar power stations, battery energy storage systems and substations, with a target capacity of about 100MW; The second phase is expected to add about 350 MW of photovoltaic and waste energy utilization capacity, and the third phase is expected to add about 550 MW.
The Philippine Aurora Pacific Economic Zone and Freeport Authority (APECO) plans to allocate 90 hectares of land for the project. The scope of cooperation between the two sides covers project planning, grid connection, power purchase arrangement, financing, equipment procurement, EPC and subsequent operation and maintenance. According to the
data, Xiamen Youju New Energy Co., Ltd. was established in April 2013, focusing on the development and design of photovoltaic power plants, EPC general contracting, intelligent operation and maintenance.
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