Enernet Global Secures Solar Power Contract to Begin Construction of Emission-Reducing Power Plant for Sarangani Coastal Shrimp Farm

Company’s Energy-as-a-Service Model to Provide Cheap and Reliable Electricity in Booming Philippines Aquaculture Industry

MANILA, Philippines, November 17, 2021 (GLOBE NEWSWIRE) – Enernet Global Inc. (“Enernet”), through its local company, Enernet FLV Energy Corp., has been awarded a contract to operate solar energy and other important permits to supply Sarangani Coastal Development Corp with 20% of its energy from renewable sources.

Sarangani Coastal Development Corp owns a 32 hectare area dedicated to shrimp farming in the municipality of Glan, Sarangani province, Mindanao. The Project will reduce the cost of the Customer’s electricity by reducing dependence on diesel fuel while ensuring robust operations.

Enernet, a distributed energy services company that provides tailor-made energy solutions to commercial and industrial customers, has partnered with Grunes Energie Corp, one of the world’s largest suppliers of mid-size electrical, automation and control equipment. and world-class low voltage and selected One Renewable Energy Enterprise Inc (OREEI) to build the hybrid energy project.

With operations in the Caribbean, Australia, the Philippines and sub-Saharan Africa, Enernet is a market leader in on-grid and off-grid distributed generation projects that include renewable energy, battery storage, cogeneration and thermal supply. or existing network. The systems are designed to meet specific customer needs for energy, heat and water without capital costs.

“The Philippines is a key market for Enernet and we are delighted to embark on this project with Sarangani Coastal,” said Paul Matthews, CEO of Enernet. “Our mission is to drive the energy transition in the Philippines for years to come, by financing and operating systems for industrialists and power cooperatives that reduce costs and generate significant carbon reductions, while providing resilience. and increased energy independence. “

Raymund M. Pascual, Managing Director of Enernet for the Philippines, added: “Construction will begin in the first quarter of 2022, targeting commercial operations in the third quarter of 2022. Now, more than ever, our model is adding tangible benefits to savings in which we operate. During the pandemic, we focused more on industries that promote food security, such as agriculture and aquaculture. We are an independent power producer providing the flexible solutions that customers need. It will be a revolutionary project in the shrimp farming industry in the Philippines, pioneering the use of hybrid energy in operations across the country.

Sherald V. Magallona, ​​President of Sarangani Coastal Development Corp. said, “This plant will allow us to reduce electricity costs, reduce dependence on diesel fuel and improve the reliability of the power supply to our facility. Enernet’s fully funded, no up-front approach made this decision simple. We are delighted to be working with them and their local suppliers to make this project happen.

About Enernet Global Inc
Enernet is a distributed energy service provider that finances, builds, owns and operates microgrids and drives the adoption of renewable energy, battery storage and energy efficiency solutions that displace CO2 emissions. Built on the company’s proprietary software platform, Enernet’s Energy-as-a-Service offering benefits both on and off-grid customers by providing cheaper and more resilient power solutions without capital investment for customers.

Enernet operates in Australia, the Philippines, the Caribbean and sub-Saharan Africa, where it focuses on energy solutions for sectors such as island development, mining, commercial and industrial, remote communities, agriculture, public services and hotels.

Media contact:
Raymund M. Pascual
General manager
Enernet Global – Philippines
Office: Unit 3202C East Tower, Philippine Stock Exchange Building, Exchange Road, Ortigas Center, Pasig City, Philippines 1605
Telephone number: +63 917 808 5678; +632 8687 5678
Email: [email protected]

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