Recently, China Energy Construction Co., Ltd. has made another major breakthrough in the international new energy market, and successfully signed the largest EPC (design, procurement, construction) project of integrated photovoltaic and storage power station in Southeast Asia with Manila Electric Power Company - Terra photovoltaic storage project. The successful signing of this project not only marks CEEC's leading position in the field of new energy, but also injects new vitality into the upgrading of the energy structure and economic development of Southeast Asia. The implementation of the project will significantly increase the share of renewable energy in the energy mix of Southeast Asia. According to the International Energy Agency (EIA), wind and solar power will account for 72% of renewable electricity generation by 2050, nearly double the share of 2020. This suggests that the demand for and reliance on renewable energy in Southeast Asia will continue to grow.
It is understood that the Terra photovoltaic storage project is located in the new Ecija province, 100 kilometers north of Manila, with a total scale of 3.5GW photovoltaic + 4.5GWh energy storage, of which the first phase of the western project includes 1.4GW photovoltaic + 3.3GWh energy storage. The EPC project will cover the design, procurement, construction, commissioning and other links of photovoltaic power stations and electrochemical energy storage power stations, and is expected to start construction in November 2024 and be put into operation in 2026. In addition, the current energy structure in Southeast Asia is dominated by coal, oil and natural gas, and the proportion of renewable energy is relatively low. With the development of clean energy, the proportion of fossil fuels in the energy mix will gradually decline, and the proportion of renewable energy will continue to increase. The China Energy Project will accelerate this transformation.
As another masterpiece of China Energy Construction in Southeast Asia, the Terra PV storage project will make full use of the abundant local solar energy resources to provide a stable power supply of no less than 84 hours a week and 600 MW through the joint operation of photovoltaic power plants and energy storage systems. This will not only significantly increase the proportion of renewable energy in the local power grid, effectively alleviate the problem of electricity shortage in Luzon, but also provide strong support for the sustainable development of the local economy and society.
Figure: China Energy Construction signed the EPC project of Southeast Asia's largest integrated photovoltaic and storage power station (Source: International Solar Photovoltaic Network)
China Energy Construction's strength and technological advantages in the field of new energy have been fully demonstrated. From the design to the construction of the project, to the later operation and maintenance management, China Energy Construction will uphold the concept of "green, low-carbon and efficient" to ensure the smooth implementation and efficient operation of the project. At the same time, CEEC will also actively carry out technical exchanges and talent training with local partners, promote the popularization and application of new energy technologies, and contribute wisdom and strength to the energy transition and sustainable development in Southeast Asia.
In addition, the successful signing of the Terra PV storage project also reflects the firm pace of China Energy Construction Co., Ltd.'s internationalization strategy. In recent years, China Energy Construction has actively responded to the national "Belt and Road" initiative, continuously increased investment and layout in the international new energy market, and carried out extensive cooperation and exchanges with many countries and regions. Through the implementation of this project, China Energy Construction will further consolidate its market position in Southeast Asia and expand the cooperation space in the international new energy market.
Looking forward to the future, CEEC will continue to uphold the development concept of "innovation, coordination, green, openness and sharing", and is committed to promoting the transformation and upgrading of the global energy structure. At the same time, CEEC will also strengthen communication and cooperation with domestic and foreign partners, jointly explore new technologies, new models and new formats in the field of new energy, and contribute more Chinese wisdom and Chinese solutions to the sustainable development of global energy.
In short, the signing of the EPC project of Southeast Asia's largest integrated photovoltaic and storage power station is another important achievement in the field of new energy and an important milestone in its internationalization strategy. With the smooth implementation and efficient operation of the project, it is believed that this project will inject new impetus into the energy transition and economic development of Southeast Asia, and will also win more opportunities and challenges for CEEC in the global new energy market competition.
