J&V Energy enters the Philippines utility-scale solar market with 180MW acquisition

Facebook
Twitter
LinkedIn
Reddit
Email
The utility-scale solar PV project is located in General Santos. Image: ib vogt

Taiwan-headquartered developer J&V Energy has entered the utility-scale solar PV sector in the Philippines by acquiring a 180MW power plant in General Santos.

Details of the project have not been disclosed. The company’s national subsidiary, JNV Philippines Renewable Corporation, acted on behalf of J&V Energy to secure the solar PV project.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The project will be situated on 170 hectares of land, and a solar energy service contract (SEOC) has been obtained from the Philippines Department of Energy (DOE).

The plant is expected to be commissioned in 2027 and provide 295GWh of green electricity annually.

J&V Energy has engaged with a local partner to complete the project’s development. The project is expected to participate in the Philippines government’s 2024-25 Green Energy Auction Program (GEAP), which is expected to be held in the first quarter of 2025.

The Philippines’ GEAP, which held its first auction in 2022, is designed to stimulate growth and investment in the country’s renewable energy sector.

Specifically, it will help the country meet its green energy development roadmap, which aims to see renewables contribute 35% of its power mix by 2030, ramping up to 50% by 2040. The first round of the auction secured 2GW of capacity to be delivered from 2023 to 2025.

Under the GEAP initiative, J&V Energy will have the opportunity to sign a 20-year fixed-price power purchase agreement with the state-owned National Transmission Corporation.

Jerome Tan, chief investment officer of J&V Energy and president of JNV Philippines, said: “This transaction demonstrates our commitment to the Philippines and brings J&V Energy closer to our target of commissioning 500MW by 2028.”

The renewable energy sector in the Philippines is growing rapidly, thanks to supportive regulations. The government intends half of its power to come from renewables by 2040, which means an additional 74GW of renewable energy capacity will be needed. Solar PV continues its positive growth trajectory in the country, with PV Tech having reported in April that the country will add 2GW of solar PV capacity by the end of the year.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

October 6, 2025
Genesis Energy and FRV Australia have mutually agreed to terminate their solar development joint venture while maintaining co-ownership of the 63MWp Lauriston solar PV power plant in Canterbury, New Zealand.
Premium
October 6, 2025
Talon PV aims to be the first US company to safely manufacture TOPCon cells at scale, backed by European technology and a crucial First Solar licensing deal.
October 6, 2025
Indian infrastructure company focused on rooftop and ground-based solar power installations, PVV Infra has secured solar power orders worth INR7.9 billion (US$90 million) through two of its subsidiaries. 
October 6, 2025
US utility AES Corporation is reportedly in discussions to be acquired by Global Infrastructure Partners (GIP), a subsidiary of global asset owning giant BlackRock.
October 6, 2025
Indian solar developer ACME Group has established a new subsidiary to manage its renewable equipment manufacturing business, under which it is planning to scale production of TOPCon PV modules.
October 6, 2025
Rajasthan government will develop 500MW/2,000MWh of standalone battery energy storage systems (BESS) with a four-hour single-cycle configuration and extended operational life.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland