ACEN to build 1st large-scale floating solar in Philippines’ Laguna Lake
The project will augment the Luzon grid by around 1,000 megawatts.
Philippines’ ACEN entered a renewable energy contract area utilisation deal with the Laguna Lake Development Authority to lease 800 hectares of renewable energy areas to develop the first large-scale floating solar project in Laguna Lake.
In a statement, ACEN said the project which will be built on the largest freshwater lake in the Philippines could add around 1,000 megawatts of energy capacity.
“This initiative is a tangible opportunity for ACEN to adopt new technologies, contribute to the Luzon grid, and bolster the Philippines’ energy self-sufficiency while tackling the critical issue of climate change,” said ACEN President and CEO Eric Francia.
ACEN aims to have 20 gigawatts of renewable energy capacity by 2030 and reach a 100% renewable portfolio by 2025.