Tuesday, July 2, 2019

SNAP invests P24 million for floating solar power project in Isabela



RENEWABLE energy company SN Aboitiz Power-Magat (SNAP-Magat) has invested around P24 million for the 200-kilowatt pilot floating solar project in Ramon, Isabela.
In a statement, SNAP-Magat said the circular installation consists of 720 solar panels that are kept in place by four mooring systems. The facility covers a 2,500-square meter area over the Magat reservoir.
“This pilot holds the potential for significantly greater things in the future. We picked now to turn it on because we are heading into the wet season. As we go into the wet season, we will get to test out how well it will withstand the rain and the wind speed,” SNAP President and CEO Joseph S. Yu was quoted as saying.
This is SNAP’s first non-hydro renewable energy (RE) project. It will provide power to SNAP’s facilities in the area.
The company will conduct a 10-month stress test on the facility to ensure it can withstand typhoons and strong inflows.
SNAP said it will consider scaling up the project if proven to be successful.
The company partnered with Ocean Sun, a Norwegian floating solar technology provider, for the project.
SNAP-Magat is a joint venture between SN Power of Norway and AboitizPower.

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