SOMA has been identified to enter into a Build-Own and Operate 10MW Photovoltaic Solar Farm in Agusan Del Sur, in the Philippines. This Solar Farm project will supply electricity to the Agusan Del Sur Electric Cooperative (ASELCO) which runs the grid and distribution in Agusan Del Sur, a 10,000 sq.km area ranked the 4th out of 81 areas in the Philippines.
- Purchase Power Agreement in place with the cooperative;
- Committed bank financing available, subject to fulfilment of conditions precedent;
- Currently, undergoing negotiations regarding terms & conditions with SOMA for a strategic partnership.