The Luzon grid, which feeds electricity to the National Capital Region of the Philippines, will get three floating solar farms in Laguna Lake.
ByThe power hungry Luzon grid, which feeds electricity to the National Capital Region of the Philippines, will in two years get additional supplies of power from three floating solar farms in Laguna Lake.Up to 2,000 hectares of the 91,170 hectare inland lake have been allocated to floating solar projects auctioned off by the Laguna Lake Development Authority with the recommendation of the Philippine Department of Energy .
The total capacity of the 15 floating solar power contracts is 1,880.5 MW. This is equivalent to the electricity demand of over 2 million homes. The floating solar project is a major development for the Philippines’ renewable energy sector. The company aims to grow its renewable energy portfolio to 20 gigawatts by 2030. In the region it generates about 4.4 GW of power, attributable to facilities it operates in the Philippines, Australia, Vietnam, Indonesia, and India.
The projects are expected to create jobs and boost the local economy. SunAsia Energy and Blueleaf Energy are committed to working with local communities to ensure that the projects are beneficial to all stakeholders.
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