Trina Solar has entered into a master services agreement with the Philippine-based Citicore Group, aimed at facilitating the expansion of the Philippines' solar capacity and aligning with the country's renewable energy targets.
The agreement, which was officially signed by Todd Li, President of Trina Solar Asia Pacific, and Alreetz F. Santander, President of MCC-CCI, took place at Trina Solar's headquarters in Changzhou, China, in October.
The Citicore Group stands as a significant proponent of renewable energy in the Philippines and encompasses various companies, including the engineering, procurement, and construction (EPC) arm, MCC – Citicore Construction, Inc. (MCC-CCI), and the renewable energy operator Citicore Renewable Energy Corporation (CREC).
Under this pivotal agreement, MCC-CCI is set to procure 700MW of high-power, high-efficiency Vertex DE21 modules, to be delivered in 2024. These modules are intended for use in CREC's forthcoming solar projects across the Philippines. These projects form part of CREC's ambitious 1-gigawatt (GW) project pipeline for the first year, leading towards its broader objective of 5GW over five years. This strategic procurement is poised to enhance CREC's committed capacity, aligning with the government's Green Energy Auction Program.
The Vertex DE21 is a flagship product of Trina Solar, boasting a 670W+ mono-facial module. These modules are engineered for compatibility with TrinaTracker's smart trackers, offering heightened customer value, reliability, increased energy yield, and a lower levelized cost of energy (LCOE), as well as reduced balance of system (BOS) costs.
The modules integrate leading technologies, including 210mm-long solar cells produced using non-destructive cutting technology, multi-busbar (MBB) for enhanced light absorption, and high-density encapsulation technology to maximize the module's surface area. These modules have undergone rigorous testing, including factory acceptance tests and potential-induced degradation tests (PID), ensuring they meet the industry's highest standards.
Mr. Oliver Tan, President, and CEO of CREC, emphasized the significance of procuring high-quality and efficient PV panels from Trina Solar for their projects, underscoring their commitment to delivering 1GW per year of renewable energy capacity.
Todd Li, President of Trina Solar Asia Pacific, expressed his satisfaction with the agreement, highlighting Trina Solar's commitment to smart energy solutions and their dedication to aiding the Philippines in its transition to renewable energy.
This agreement represents the second collaboration between Trina Solar and CREC, following the successful deployment of solar PV modules for CREC's Lumbangan Solar Power Plant and Luntal Solar Power Plant earlier this year.
The Philippines holds substantial potential for harnessing solar energy to address its growing energy demands. According to the Power Development Plan (PDP) 2009-2030, the country's energy consumption is projected to reach 149,067 gigawatt-hours (GWh) by 2030. The government's National Renewable Energy Program for 2020-2040 sets a target for renewables to account for 35% of power generation by 2030 and 50% by 2040. The adoption of solar energy is a pivotal step towards reducing the nation's carbon footprint and lowering electricity costs for households and businesses.