Blueleaf Energy, a portfolio company of Macquarie’s Green Investment Group, has announced plans to co-develop 1.25GW of solar in the Philippines through a new collaboration with local PV player SunAsia.
The partners will develop the projects in Luzon, the Philippines’ largest and most populous island, to help the country meet its target of adding an additional 10GW of solar by 2030, Blueleaf said. The country has set a renewable energy goal of 55.8% by 2040.
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“The partnership offers the renewable energy market innovative solar solutions that are both viable and appropriate to local conditions,” said SunAsia CEO Tetchi Capellan.
The announcement comes after MGen Renewable Energy last month started commercial operations at a 50MW PV project in Luzon, which is also set to host a complex featuring 2GWp of solar, 6GWh of battery storage and 600MW of diesel that is planned by Solar Philippines Biga Corporation and is expected to be complete in 2024.
Singapore-headquartered Blueleaf Energy, which was rebranded from Conergy in 2019 having been acquired by Green Investment Group a year previously, is currently developing approximately 3.4GW of solar projects across the Asia Pacific region.
It was announced earlier this week that Blueleaf has created a solar platform in Japan through a collaboration with Univergy International that will initially develop a portfolio of 200MW in the country.
PV Tech publisher Solar Media is hosting the Solar & Storage Finance Asia virtual summit next month, bringing together financiers and developers to further the solar and storage sectors across the continent. More information on the event can be found here.