The Philippines has an estimated population of 100 million and is an archipelago that consists of about 7,641 islands. Project Capas is a 25 MW solar PV power project within the Clark Special Economic Zone (CSEZ), approximately 100 km north of Manila, the Philippines’s capital.
CI1 is developing the project together with Sindicatum Renewable Energy Company (Sindicatum), which has a proven track record in the Philippines of developing and constructing renewable energy projects.
Our Development Partner 

Sindicatum Renewable Energy Company Pte. Ltd Singapore

We Invest

USD 0.35 million

Development Funding

Estimated Project Impact
  • 25 MW  additional capacity
  • 36 GWh/year clean electricity
  • 17 300 tCO2eq/year emissions avoided
  • 100 construction jobs 
  • 48 300 people reached 

Funding Rationale

CI1 has provided development funding to the Capas project in order to fully develop the 25 MW solar PV project and ensure the project is feasible and reaches financial close.
The Philippines, with strong GDP growth that has subsequently driven more power demand, has indicated a strong desire to lower its dependency on fossil fuels and expand its renewable energy industry.
Contract Signature Date

July 2016

Region 

Southeast Asia

Country

Philippines

Business Model 

IPP

Technology  

Solar PV
(25 MW)

Environmental & Social Category

B+

Sector

Solar PV

Project Location

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