Solana Solar is a subsidiary of Alternergy’s wholly owned unit Solar Pacific Energy Corporation, while Kratos RES is a fully owned unit of Villar-ledPrime Asset Ventures Inc. (PAVI) engaged in retail electricity supply —most of which are malls, offices, complexes, and manufacturing facilities.
Solana Solar Alpha Inc., a company listed under renewable energy firm Alternergy, on Tuesday announced it signed a power supply agreement with Villar Group’s Kratos RES Inc.
In a statement, Alternergy said Solana Solar will supply Kratos RES with 10 megawatts and up to 20 MW of renewable power from its soon-to-be built Solana Solar Power Project in Hermosa, Bataan. Alternergy said its Solana Solar Power Project has secured financing commitments from “a leading Philippine commercial bank and a commitment for the Engineering, Procurement and Construction from a leading EPC provider.”
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