The Department of Energy (DOE) has granted Basic Energy Corp. a certificate of authority (COA) for its proposed Solar Energy Operating Contract (SEOC) for the Bolinao Solar Power Project in Pangasinan.
Basic said in a disclosure to the Philippine Stock Exchange on Thursday that the COA, issued under the revised Omnibus Guidelines Governing the Award and Administration of Renewable Energy Contracts, grants the corporation the authority to secure the necessary permits and tenurial instruments for the project, in preparation for the SEOC’s 25-year contract period.
The project will be implemented in 37 hectares of land in Bolinao, Pangasinan with an estimated capacity of at least 47 megawatts peak (MWp) of power, based on a preliminary study conducted by an independent firm.
“With the COA in hand, Basic Energy Corporation will now begin securing approvals from relevant national agencies and local government units. This includes conducting a system impact study, which will be submitted for review and approval by the National Grid Corporation of the Philippines,” Basic said.
This solar project is estimated for completion and commissioning by early 2027, contributing to the country’s renewable energy targets.
In March, DOE awarded a COA for Basic’s planned 43 MWp Cadiz 1 Solar Power Project located in Negros Occidental.
This followed awarding of the COA for its 62 MW Bataan Solar Project in Mariveles, Bataan in Dec. 4 2024.