New Energy

Philippines Closer to Adding One of World’s Top Solar Sites

  • Facilities would massively boost nation’s renewables capacity
  • Developments could mostly begin operation in 2025 to 2026

Solar panels in the Philippines.

Photographer: Veejay Villafranca/Bloomberg
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Solar Philippines has taken a further step toward massively expanding the nation’s renewables capacity, including with one of the world’s top projects, as it aims to help meet rising energy demand and aid a shift away from coal.

The firm has submitted energy contract offers that, if approved by customers and regulators, would potentially amount to 9 terrawatt-hours a year and enable a roster of 10 gigawatts of solar projects to proceed, the company said Monday in a statementBloomberg Terminal. The developments would begin operation mostly between 2025 to 2026.