Sindicatum C Solar Power (Capas)

Tarlac, Luzon, PhilippinesAdvanced Development

The Bases Conversion Development Authority (BCDA) is a prime national developer that transforms former military bases and properties into premier centers of economic growth in partnership with the private sector. BCDA engages in public-private partnerships to push forward vital public infrastructure such as toll-ways, airports, seaports, and major real estate developments.  BCDA has developed successful economic centers such as the Bonifacio Global City, the Newport City, the Subic-Clark-Tarlac Expressway and the Diosdado Macapagal International (Clark) Airport. 

BCDA welcomed our initiative, jointly with our local Filipino partner, to finance and develop solar power projects within the Clark Green City (“CGC”), a development project located two hours north of Manila which extends over 9,500 hectares and includes a smart-city utilizing sustainable high-rise buildings, its own water recycling facility, a water catchment system, and efficient power and energy usage schemes. The Clark Green City plan was unveiled on October 30, 2012, and an official groundbreaking ceremony took place on April 11, 2016.

The Capas site is a  38-hectare parcel in the north section of the CGC, located in Tarlac province.  Sindicatum and its local partner signed a 25-year lease agreement with BCDA on September 10, 2015 for the purpose of building a solar power plant.

Sindicatum has also entered into a joint development and partnership agreement with Climate Investors One, a fund established with private and development bank funding to promote and accelerate the adoption of renewable energy and other projects to reduce climate changing pollution in key emerging markets.  Sindicatum and Climate Investor One, together with their local partner, will jointly develop, build and operate the Capas project.

The project entered into a Solar Energy Service Contract with the Department of Energy in December 2016, and is currently working through the necessary development milestones and approvals.  Initial technical evaluations have set the project size at 27 MWp.  Construction is expected to commence during quarter 4, 2019.