Alternergy’s Solana Solar to supply power to Villar’s Kratos RES

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.

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.

In a statement, Alternergy said Solana Solar will supply Kratos RES with 10 megawatts (MW) and up to 20 MW of renewable power from its soon-to-be built Solana Solar Power Project in Hermosa, Bataan.

“We are pleased to partner with Kratos RES to help its electricity end-consumers achieve their sustainability goals and transition their power supply to renewable energy,” said Alternergy chairman and Solana Solar chairman and president Vicente Perez Jr.

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 (EPC) from a leading EPC provider.”

It said that early work activities have started with the full swing construction to commence in the coming months.

“The Solana Solar Power Project will provide reliable and cost competitive electricity supply to malls, offices, complexes and manufacturing facilities served by Kratos, whose businesses require operational and cost efficiencies. By partnering with Kratos, we are proud to assist these sectors make sustainability part of how they operate,” said Solar Pacific CEO Mike Lichtenfeld.

Kratos RES, for its part, welcomed its partnership with Solana Solar.

“Kratos is committed to delivering the needs of our customers with a high-quality supply and in a cost-efficient manner. Our partnership with Solana Solar will help address these,” said Jose Rommel Orillaza, Kratos RES operations head.—LDF, GMA Integrated News