Solarus Partners is planning to invest around $100m to build new solar projects, totaling 50MW, in the Philippines.

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The company intends to construct two 12MW plants in South Cotabato and Cabacan of Davao city in the country.

The remaining 26MW capacity facilities will be built in other parts of Mindanao and Visayas of the Philippines.

Solarus Partners managing director Tetchi Capellan was quoted by bworldonline.com as saying that the installation of solar panels will take about six to eight weeks.

"These would cost would cost a total of $100 million and will start this year," Capellan added.

The firm is working to get environmental compliance certificate and local government permits for the first two projects, according to Capellan.

Solarus, which engages in the development of solar power projects in the Philippines, had partnered with Bank of the Philippine to develop 2.5kW solar photovoltaic system in one of the bank’s branches in Makati City.

Image: Solarus to develop 50MW solar projects in the Philippines. Photo: Courtesy of franky242/ FreeDigitalPhotos.net.