SunAsia Energy Inc. and its partner, Blueleaf Energy, have been awarded six Solar Energy Operating Contracts (SEOC) by the Department of Energy for the development of large-scale floating solar projects with a total capacity of 610.5 megawatts (MW).
A 25-year operating period contract has been granted for the development of solar facilities on Laguna Lake’s surface, expanding to Calamba, Sta. Rosa, Cabuyao, Bay, and Victoria.
“The awarding of these contracts accelerates the implementation of the thrust of President Ferdinand Marcos, Jr. to develop indigenous and renewable sources of energy. It also represents an additional strategic investment and a firm commitment to strengthen the country’s renewable energy sector, especially the commercialization of floating solar as an emerging technology,” Secretary Lotilla shared.
Lotilla further explained that these projects would deliver economically viable renewable energy without occupying usable land areas that could be used for the agricultural sector.
SunAsia Energy is a local Filipino company that has been producing sustainable solar energy in the country since 2013. On the other hand, Blueleaf Energy is a standalone portfolio company of Macquarie’s Green Investment Group that has built an estimated 2 GW solar capacity worldwide, including a 250 MW project in the Philippines. The company presently possesses more than 7 GW of projects related to wind, solar, and storage in the Asia Pacific region.
Blueleaf Energy earlier signed a Letter of Intent (LOI) to enhance their sustainable infrastructure investment commitment in the Philippines during President Marcos Jr.’s state visit to Singapore.
The Department of Energy (DOE) has so far awarded 237 solar energy contracts with a combined capacity of 1,282 MW and a potential capacity of 21,452 MW. These contracts have attracted Php 8.46 billion in investments for the country so far.
