Singapore-based renewable energy player Nexif Ratch Energy Investments Pte. Ltd. has started developing a 74-MWp solar farm in Camarines Sur, which is expected to be completed by the second quarter of 2024 at a cost of more than $50 million.
The remainder will be sold to the Wholesale Electricity Spot Market, the central marketplace for trading electricity, or through direct short-term contracts with commercial and large end-users.
PowerChina Philippines will conduct operations and maintenance activities for the initial two years of commercial operations before transitioning to the in-house team of Nexif Ratch Energy.
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