Alliance adds 1.2 GW in RE supply

Renewable energy should contribute 35 percent of the country’s power requirements by 2030

The Philippines’ renewable energy initiative received an additional 1.25 GW of sun power as Blueleaf Energy, and SunAsia forged an alliance to co-develop solar projects across the main island Luzon. Blueleaf is a unit of Macquarie’s Green Investment Group.

“We are pleased to partner with SunAsia to drive forward Philippines’ green energy transition. This marks another milestone as we partner with reliable, strategic local developers to expand the solar industry across Asia,” Sol Proops, interim CEO of Blueleaf, said.

SunAsia CEO Tetchi Capellan boasted the partnership is in a “stronger position” to attain the renewable energy targets set by implementing the country’s Renewable Portfolio Standards (RPS).

We are pleased to partner with SunAsia to drive forward Philippines’ green energy transition.

“This cooperation raises the bar of project development work in the country as the partnership offers the renewable energy market innovative solar solutions that are both viable and appropriate to local conditions,” Capellan said.

Under the Department of Energy’s RPS push, renewable energy should contribute 35 percent of the country’s power requirements by 2030 and add 10 GW of solar energy by the same year.

The RPS, coupled with the Green Energy Option Program (GEOP), and the amended net-metering rules, is expected to create an environment that helps renewable energy flourish while allowing the public to act as a driver for expansion.

The partnership brings together Blueleaf’s financial and deep in-house technical capabilities and SunAsia’s local development experience.

Over the past 20 years, Blueleaf Energy has developed, built, and operated almost 2 GW of solar capacity across the globe, including over 500 megawatts in the Asia Pacific region and 250 MW in the Philippines.