20MW biomass plant planned for Philippines
Bronzeoak Philippines, a developer of solar power projects in the Philippines, is diversifying its portfolio with a biomass power project.
Following approval from its board of directors, Bronzeoak will now invest $90 million (€72 million) in a 20MW biomass-fired power plant in Negros Occidental. The feedstock for this facility will be sugarcane farm waste.
The work will be carried out by San Carlos Biopower, a joint venture between Bronzeoak and European asset management firm ThomasLloyd Group.
The installation of equipment is scheduled to start in April next year, with development slated to last up to 24 months.
The biomass plant will be located close to an existing ethanol plant owned by San Carlos Bioenergy.