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/BloombergThis article is for subscribers only.
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 statement. The developments would begin operation mostly between 2025 to 2026.