Philippine government awards contracts for world’s largest floating solar project

Blueleaf Energy and SunAsia Energy have secured contracts from the Philippine government to build and operate the world’s largest floating solar project in the Philippines, which has a cumulative capacity of 610.5MW.

The move is viewed as a milestone in the country’s energy sector, with the Philippine Department of Energy (DOE) issuing the first set of Solar Energy Operating Contracts (SEOCs) for a total 1.3GW in floating solar projects.

In September 2022, Blueleaf Energy – a stand-alone portfolio company of Macquarie – signed a letter of intent (LOI) to significantly increase its sustainable infrastructure investments in the Philippines.

In partnership with SunAsia Energy, Blueleaf Energy is jointly developing the large-scale floating solar facility on Laguna Lake, spanning the growing cities of Calamba, Sta. Rosa and Cabuyao, and the towns of Bay and Victoria.