Trina Solar has signed a master services agreement with Citicore Group for the supply of market-leading solar modules, helping ramp up the country's solar capacity in line with the country's renewable energy targets. The Agreement was signed by Todd Li, President of Trina Solar Asia Pacific, and Alreetz F. Santander, President of MCC-CCI, in October at Trina Solar's headquarters in Changzhou, China. The Citicore Group is among the largest, vertically integrated renewable energy advocates in the Philippines.
Among the companies under its umbrella are engineering, procurement, and construction (EPC) arm, MCC - Citicore Construction Inc. ("MCC-CCI") and renewable energy operator Citicore Renewable Energy Corporation ("CREC"). Under the Agreement, MCC-CCI will purchase 700MW worth of high-power, high efficiency Vertex DE21 modules for CREC's upcoming solar plants across the Philippines, to be delivered in 2024. The said power plants are part of CREC's 1-gigawatt (GW) project pipeline for the first year leading towards its goal of 5GW in five years, and the strategic procurement will help build CREC's committed capacity in connection with the government's Green Energy Auction Program.
Vertex is Trina Solar's product range. The Vertex DE21 is a 670W+ mono-facial module. Vertex modules are compatible with TrinaTracker's smart trackers; delivering high customer value, reliability, energy yield with a lower levelized cost of energy (LCOE) and lower balance of system (BOS) cost.
These modules incorporate market-leading technologies: 210mm-long solar cells produced using non-destructive cutting technology; multi-busbar (MBB) for greater light absorption; and high-density encapsulation technology to maximize the module's surface area. The modules have undergone various tests, such as factory acceptance tests and potential induced degradation tests (PID) to see the modules meet the higher industry standards. The Philippines possesses vast potential to cultivate solar energy to meet its rising energy needs.
According to the Power Development Plan (PDP) 2009 - 2030, the country's energy consumption is expected to reach 149,067 gigawatt-hours (GWh) by 2030.