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First Philippine Electric Corp. (First Philec)

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First Philec Solar Corporation

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Home > Investments > Manufacturing > First Philec Solar Corporation

First Philec Solar Corporation

First Philec Solar Corporation (FPSC) is the newest joint venture (JV) company between First Philippine Electric Corporation (First Philec) and SunPower Philippines Manufacturing Ltd. (SPML).

The joint venture project will provide wafer-slicing services for the solar energy industry. First Philec is the holding company of the manufacturing businesses of First Holdings, while SPML is a subsidiary of SunPower Corporation (SunPower), a publicly-listed company in the United States. SunPower designs, manufactures and delivers the highest efficiency solar electric technology in the world today. This JV is the first large-scale silicon wafer-slicing company in the Philippines. It is envisioned to support up to the equivalent of approximately 720 megawatts of power per year. The cost of construction and development of the project is approximately $ 76 million.

First Philec owns 80% of FPSC while in turn, SPML owns 20%.

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