Blueleaf Energy and SunAsia have entered a partnership to co-develop 1.25GW of solar projects in the Philippine region of Luzon.
The partners say the agreement coincides with the forecast growth of the Philippine’s solar energy market.
The country is increasingly focused on renewable energy and targets the delivery of an additional 10 GW of solar energy by 2030, which would comprise in excess of 20% of its energy mix.
Blueleaf, a subsidiary of the Australian investment bank Macquarie Group, has developed, built and operated almost 2 GW of solar capacity across the globe, including over 500 MW in the Asia Pacific region and 250 MW in the Philippines.
Established in 2013, SunAsia calls itself a pioneer developer of clean, affordable solar energy in the Philippines.
Interim chief executive of Blueleaf Sol Proops said: “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.”
Chief executive of SunAsia Tetchi Capellan added: “With BlueLeaf Energy as our partner, we are in a stronger position today in helping the industry attain the renewable energy targets set by the implementation of the country’s Renewable Portfolio Standards.
“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.”